Get started
Gold Spot / U.S. Dollar

ABCD Reversal

By mytrade1602
Updated
ABCD Reversal, there might be another $20 drop when touching the middle line(1266) of the downtrend channel before going up.
Comment
There might another drop from 1266 to 1233 area,which will touch the bottom line of yearly uptrend channel, or then anoter drop to 1220, which is the strong support line. Fed speech migh make this happen.
mytrade1602

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.