Hi Dear Traders,
Well its clean idication that the Gold has been over bought, and also the USDX is on raising as well.
Hence as stated in the chart, there are 3 support level, so its purely on my view, and there is no any exact or specific time line to achieve the support line price.
Since timely manner is an independent factor, but the overall price on Gold on my view is call for a ..."Short"
In the long term, the price will be forming a steps downwards pattern
Have your own due diligence on placing your trades.
All the Best
Well its clean idication that the Gold has been over bought, and also the USDX is on raising as well.
Hence as stated in the chart, there are 3 support level, so its purely on my view, and there is no any exact or specific time line to achieve the support line price.
Since timely manner is an independent factor, but the overall price on Gold on my view is call for a ..."Short"
In the long term, the price will be forming a steps downwards pattern
Have your own due diligence on placing your trades.
All the Best