GOLD Short-term analysis

Weekly Chart : Bullish Engulfing ( bullish momentum increases )

Daily Chart Plan

1.   break above resistance ( red line) at 1148 could target 1170 

      1.1  Strong candle break = The bullish continuation

2.  retest at 1148 ( reversal pattern ) = bearish signal


Warning: Before any investment in Forex you need to carefully consider your targets, previous experience, and risk level. FX trading can result in the loss of your money, therefore, you should not invest capital that you cannot afford to lose.