I would SELL
GOLD 1H Technical analysis.
Right now price are in tricky place. Price started to move down from possible double top from daily chart, but stopped there at around 1690 area, because there is uptrend line which works as support.
Right now price is under important resistance level, also there is downtrend line from lower tf charts.
Also there is possible wedge forming.
So my expectations is that price could move more down. Overall is up ofcourse, but now i think there will be more movement to the downside.
Right now price are in tricky place. Price started to move down from possible double top from daily chart, but stopped there at around 1690 area, because there is uptrend line which works as support.
Right now price is under important resistance level, also there is downtrend line from lower tf charts.
Also there is possible wedge forming.
So my expectations is that price could move more down. Overall is up ofcourse, but now i think there will be more movement to the downside.
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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.