GOLD ANALYSIS

As GOLD was the highest voted CFD , here is the full analysis on 4H frame
GOLD  trading inside a triangle pattern
yesterday Gold failed to break through resistance level  at 1740.00
Price below SMA 100, 200
price now at HVN as important area to determine the direction

first scenario : if price broken key level  around 1690.00 and 4H close below it , it will confirming bearish movement to support level around 1560.00

second scenario : if price broken triangle pattern resistance around 1730.00  and 4H close above it , it will confirming bullish movement to resistance level around 1800.00

- We recommend not to buy or sell only after knowing which scenario will follow

R3: 1800.00
R2: 1760.00
R1: 1730.00
Pivot: 1690.00
S1: 1668.00
S2: 1640.00
S3: 1560.00