hello guys welcome to new week lets see what will happen for gold in this week
as you can see gold made a descending channel in h4 after fomc data on friday gold went up strong .
in daily bullish movement will continue in this week because price is on the bottom of a bullish channel in daily price made a new low and fixed above 2280 i think in this week will retest last high and buyers try to update higher high .
in lower time frame price is on the top of the descending channel gold broke last level 2350 strong and then reacted to the trendline 2400 resistance level is strong and in the past price rejected from this level afew times i expect gold fall to 2340 2330 2300
and after this fall continue bullish movement
as you can see gold made a descending channel in h4 after fomc data on friday gold went up strong .
in daily bullish movement will continue in this week because price is on the bottom of a bullish channel in daily price made a new low and fixed above 2280 i think in this week will retest last high and buyers try to update higher high .
in lower time frame price is on the top of the descending channel gold broke last level 2350 strong and then reacted to the trendline 2400 resistance level is strong and in the past price rejected from this level afew times i expect gold fall to 2340 2330 2300
and after this fall continue bullish movement
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perfect price moved according my analysis near +200 pips profit done✅✅🔥🔥🔥