Here in GOLD we have double bottom & now firstly we will talk about it bullish trend as well as the pullback pattern it made. As on the Support we can see it hit twice & didn't break in which is impulsively pull-back hundreds off pips. So now the current Market is in Bullish Trend as clearly seen in the chart in which our Analysis is that at first it will do a little testing in 1705-1710 area from where we can trade as normally & can make profit as in market opening & the Tokyo session won't make the market fly straight resistance so we are believing a little retracement.
IF it break that Trend & goes against in the upcoming week then for sure it will be the triple bot formation at Support Area & the most Amazing thing that we can trade BUY again there & the possibility of success will be 90% due to triple bot formation about 100-150pips.
As well the UK Queen Elizabeth Died which will also make positive impact on GOLD.
I HOPE THIS HAVE GIVEN YOU AN IDEA ABOUT THE GOLD FUTURE's.
IF it break that Trend & goes against in the upcoming week then for sure it will be the triple bot formation at Support Area & the most Amazing thing that we can trade BUY again there & the possibility of success will be 90% due to triple bot formation about 100-150pips.
As well the UK Queen Elizabeth Died which will also make positive impact on GOLD.
I HOPE THIS HAVE GIVEN YOU AN IDEA ABOUT THE GOLD FUTURE's.
