Important News Alert
Gold has been marked, respecting the support level of the 1940s zone, and retesting bullishly toward 1953. Bearish channel start formatting, 1954 zone become strong resistance level, it might be sidewise movement's some hours but make sure to clear the trend then will open up the trade.
When the 1940 zone breakouts the trend, the structure will be changed and the seller will have market control.
In-case that the 1953–54 zone breaks, the market will be bullish.
Must eyes on the fundamentals mark the important news this weekend to give better understanding.
Gold has been marked, respecting the support level of the 1940s zone, and retesting bullishly toward 1953. Bearish channel start formatting, 1954 zone become strong resistance level, it might be sidewise movement's some hours but make sure to clear the trend then will open up the trade.
When the 1940 zone breakouts the trend, the structure will be changed and the seller will have market control.
In-case that the 1953–54 zone breaks, the market will be bullish.
Must eyes on the fundamentals mark the important news this weekend to give better understanding.