Gold price zone 2010-2040. What now!!
Gold has been on a relentless run to the upside from 1811, it has gone up nearly vertically to todays high 2009(200pts+/-), still room for more upside? I don't know.
Previous post my estimation was 2010-2040 zone for a cypher pattern and we are here now 200pts later(2009). prices could still continue higher Tag n turn (2010-2040), therefore caution would be good now.
Should price continue higher above 2040 then upside resistance = 2060-2075 and break out above here will target 2100-2136, 2195-2225 & 2265-2325.
However, note that if prices consolidate from these levels 2010-2040 then downside support = 1970-1935, break below then 1900-1875 before continuation of the move higher from either of these levels.
Have a great weekend.
Previous post my estimation was 2010-2040 zone for a cypher pattern and we are here now 200pts later(2009). prices could still continue higher Tag n turn (2010-2040), therefore caution would be good now.
Should price continue higher above 2040 then upside resistance = 2060-2075 and break out above here will target 2100-2136, 2195-2225 & 2265-2325.
However, note that if prices consolidate from these levels 2010-2040 then downside support = 1970-1935, break below then 1900-1875 before continuation of the move higher from either of these levels.
Have a great weekend.
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