1. Price Action & Trend:
Gold is currently in a downtrend, with a visible descending channel (highlighted in yellow).
The price has fallen sharply from near 3,360 to 3,228.650—indicating strong bearish momentum.
The most recent candles are near the lower Bollinger Band, signaling continued downside pressure.
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2. Bollinger Bands Strategy Signals:
BBandSE (Sell Entry): Triggered around the 3,360 level—marked by a red arrow, confirming a reversal.
Gold is currently in a downtrend, with a visible descending channel (highlighted in yellow).
The price has fallen sharply from near 3,360 to 3,228.650—indicating strong bearish momentum.
The most recent candles are near the lower Bollinger Band, signaling continued downside pressure.
---
2. Bollinger Bands Strategy Signals:
BBandSE (Sell Entry): Triggered around the 3,360 level—marked by a red arrow, confirming a reversal.
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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.
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.