GOLD, hard to make bullish cense !
GOLDHello everyone 😃
As we can see 👀
- Rejected from BBs basis
- EMA 100 is now resistance for gold
- Bearish crossover on Stochastic RSI
- Resistance on RSI
- MACD is bearish
- Rejected from resistance zone !
- Trending into ascending channel
GOLD rejected from resistance and BBs basis, so we expect a breakout and take hold below channel.
If it happens first support is 1875, If it continues dump, next stop will be 1850 !
After this mid-term view, We recognize a reverse cup & handle !
Personally I dont believe in harmonic patterns but they did well most of time...
Now in long-term view we expect a retest 1785 and ATH near 2465 !!!
Here is the chart :
Attention : this is not a financial advise we just try to help people on their own vision.
HAVE A GOOD DAY
- Helical_Trades
🔴 Don't forget to join our channels for FREE Premium stuffs !
TELEGRAM :
t.me/Helical_Trades
Instagram ( Persian - فارسی ) :
instagram.com/helical_trades/
TELEGRAM :
t.me/Helical_Trades
Instagram ( Persian - فارسی ) :
instagram.com/helical_trades/
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.