Hourly Chart: At the middle of the downward regression channel (Neutral)
Weekly Chart: At the middle of the downward regression channel (Neutral)
Important Weekly pattern: in the past 127 weeks, gold has never closed at lower levels for four consecutive weeks..!
Conclusion: Neutral is the most probable scenario, Fluctuation between 1740-1785.
Since gold has been closed at lower levels in the past 3 weeks, closure above 1750 level is very probable..!
Good opportunity for Binary option trading!
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