Gold supported by 2165-2170 which is the hourly support position.
If gold stopped by 2195 which is the right shoulder, bearish trend will start from there. Otherwise, gold bullish top will be at 2270 or 2310.
In My opinion, long-term bullish trend is making the 4th uptrend move on weekly and daily chart. In most cases, bullish trend can only reverse after the 5th move finish. Anyway, the bullish trend will finish after 5-6 weeks. Long-term bearish trend will start soon from any new top.
Now, we are holding buying orders of 1986, 1990, and selling orders of 2210.
Let's see the result.
If gold stopped by 2195 which is the right shoulder, bearish trend will start from there. Otherwise, gold bullish top will be at 2270 or 2310.
In My opinion, long-term bullish trend is making the 4th uptrend move on weekly and daily chart. In most cases, bullish trend can only reverse after the 5th move finish. Anyway, the bullish trend will finish after 5-6 weeks. Long-term bearish trend will start soon from any new top.
Now, we are holding buying orders of 1986, 1990, and selling orders of 2210.
Let's see the result.