Gold: most fingers points down

21 giu 2022

I told you guys about gold creating new trendline to limit upside pressure earlier and about 1878-80s being ruled out and same with 1850s, now 1840s is now looking evicted gradually. the upswing on the red path drawing likely to be gold last limit up for the time being. These are 2 things gold don't want to happen on journey down to 1753. 1. A triple rejection at 1805 zone 2. A firm resistant at the down part of the blue uptrend which will still keep the hope to 1880-1900 alive. Once those zones down there are cleared come 1790s that the blue trend down part which once broken bring 1753 on the card and then 1720s.