Hello Traders,
I don't wanna be rude, the price could go up but let me show you what i see on this chart.
- First, we have a bearish divergence on MACD indicator (Sell)
- Second, we have a rising edge (Break the support = Sell)
- Third , the price meet a big Resistance, I am expecting here a FALSE BREAK (a spike hit 1700) and after come back (Sell)
- Fuorth, we have an inverted head and shoulders (Sell till the price will make the right shoulder and after start to buy)
This is what i think about Gold, but,
The fundamental analysis is really crazy right now with all the thinks that happen in US.
Leave a like and follow me for more analysis.
Enjoy it!
PS : Is my vision, make your own choices!
I don't wanna be rude, the price could go up but let me show you what i see on this chart.
- First, we have a bearish divergence on MACD indicator (Sell)
- Second, we have a rising edge (Break the support = Sell)
- Third , the price meet a big Resistance, I am expecting here a FALSE BREAK (a spike hit 1700) and after come back (Sell)
- Fuorth, we have an inverted head and shoulders (Sell till the price will make the right shoulder and after start to buy)
This is what i think about Gold, but,
The fundamental analysis is really crazy right now with all the thinks that happen in US.
Leave a like and follow me for more analysis.
Enjoy it!
PS : Is my vision, make your own choices!
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.
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.