Gold - market update on daily chart
Updated
Dear traders and followers,
welcome to the weekly DKIC Gold market update !
we have found two possible market moves on the daily chart.
The MACD indicator points to a further downward trend.
But this will only occur as soon as the market price closed below $1760 on daily chart and turns support into resistance.
This gives a great way to short to at least $1740.
Feel free to leave a comment or to share your ideas in the comments section
Please hit the like button if you share or like this idea.
Follow us and stay up to date/don't miss any new ideas
Thanks for your support !
welcome to the weekly DKIC Gold market update !
we have found two possible market moves on the daily chart.
The MACD indicator points to a further downward trend.
But this will only occur as soon as the market price closed below $1760 on daily chart and turns support into resistance.
This gives a great way to short to at least $1740.
Feel free to leave a comment or to share your ideas in the comments section
Please hit the like button if you share or like this idea.
Follow us and stay up to date/don't miss any new ideas
Thanks for your support !
Trade active
Trade closed: target reached
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
Related publications
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.