2018-05-22

GOLD

IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL
GOLD PRICES REBOUNDED FROM SESSION LOWS AT 1282 AS YIELDS IN THE US EASED FOLLOWING SECRETRY MNUCHIN‘S ANNOUNCEMENT THAT THE TRADE SPAT WITH CHINA HAS BEEN PUT ON HOLD, THIS SIMPLE REVERSION IS ACCOMPANIED BY THE INABILITY OF PRICES TO BREAK DOWN THE MINOR UPTRENDLINE(THE RED ONE) SO FAR ,IF IT IS BROKEN THERE IS A QUITE POSSIBILTY THAT GOLD GONNA REACH THE ORIGINAL UPTRENDLINE , HOWEVER,  GOLD IS STILL UNDER PRESSURE , MAYBE  THIS PULLBACK IS A TEST OF THE DOUBLE TOP PATTERN WITHIN UNCONFIRMED TRIPPLE TOP, SO KEEP UR HAWK EYES OPEN ON KEY RESISTANCE 1300
IF THE PULLBACK  FAILS, GOLD IS LIKELY MOVES DOWN TO HIT DOWNSIDE TARGET ROUGHLY AT $1245