Gold FuturesShort
GC1 (GOLD) DAILY.
Here is my analysis on gold on the daily chart having seeing the market break below the ascending triangle, giving us a strong move to the downside from there can see buyers giving us a retest (correction) back to broken trendline. wave (e) which shows our impulsive move towards the downside reaching 1693.3, we still anticipating for more breaks below the previous lows .
Levels to take note: -GLD-
. 1693.3 - July 2022 Low (Broken resistance)
. 1601.8 - April 2020 Low (Resistance Target)
. 1451.6 - March 2020 Low (Resistance Target)
Levels to take note: -GLD-
. 1693.3 - July 2022 Low (Broken resistance)
. 1601.8 - April 2020 Low (Resistance Target)
. 1451.6 - March 2020 Low (Resistance Target)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.