Gold has recorded high prices around $1346 one week after 11.02.2019 and then drop to around $1281 nearing the week 18.03.2019. Based on this Chart approach and supported by this Chart approach, as long as $280/75 can be maintained by bulls, then in my technical view, the price will continue its rise to retest $1350/75.
In case it closes below $1280/75, then based on this Chart approach, it is likely that prices will continue drop or consolidate above $1262 to 27.05.2019 and if the price falls around $1236 in May 2019, at least on the date of 08.07.2019 bulls should can recover the declines to moves back above $1262 to make a Cup & Handle pattern, but if $1280/75 is intact, then in a big picture from this Chart approach and this Chart, it shows that there is an attempt from the bull to break the wall of $1350/75.
--ooOoo-- From The Desk Of NewBie --ooOoo--
In case it closes below $1280/75, then based on this Chart approach, it is likely that prices will continue drop or consolidate above $1262 to 27.05.2019 and if the price falls around $1236 in May 2019, at least on the date of 08.07.2019 bulls should can recover the declines to moves back above $1262 to make a Cup & Handle pattern, but if $1280/75 is intact, then in a big picture from this Chart approach and this Chart, it shows that there is an attempt from the bull to break the wall of $1350/75.
--ooOoo-- From The Desk Of NewBie --ooOoo--
