Medium Term Idea for Gold

5 mag 2021

Everyone who can read charts should understand my theory :)
unless its gonna break out to the upside..

We will see at the time

9 mag 2021

Nota

As predicted the price is going up towards the 1865 resistance area.
I still expect price to fall down because of the oversold RSI.
That will be oversold aswell on the Daily timeframe when we reach that crusial level.
see screenshot below


If prive is not able to break the resistance we could go down to 1680 again
and perhaps even lower in the 1580's

Time will tell
This is just my own personal perspective of what could happen.

Trade save!