Gold reached 1,765 and then reverse as this is the top of the 2 ascending channel
which will be a very strong resistance
now I think the Gold is in a correction wave which will continue between $1,756 and $1760
after that the Gold will drop ( fall ) into $1,690 as a short target
long target is $1,450
which will be a very strong resistance
now I think the Gold is in a correction wave which will continue between $1,756 and $1760
after that the Gold will drop ( fall ) into $1,690 as a short target
long target is $1,450
Trade active
as we mentioned before there was a correction wave before price go down and we said that the price will reverse between 1,756 & 1,760 but the price was reversed once reach 1,754
so we have a very strong support
1- ascending trend
2- previous descending tren was breaked
3- previous resistance which will as a support
once we break this area
then first target 1702+-
second target 1690
Long target 1,450
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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.