Gold Spot / U.S. DollarUpdated GOLD: ...next swing? we'll see
From a technical point of view, the swing is bullish on intraday chart, but at the same time, we cannot rule out a corrective structure in short term. If the market starts selling 1.934/1940 area, the first bearish leg should appear on hourly chart. Having said that, at the moment our setup is valid and we continue to follow it on daily chart:
The previously mentioned resistance area is also minimum target of our Hammer Pattern, and some traders might take some profit:
At the moment everything is still work in progress, but in the next few hours we may have some more details...
Like to support my work.
Trade with care!
The previously mentioned resistance area is also minimum target of our Hammer Pattern, and some traders might take some profit:
At the moment everything is still work in progress, but in the next few hours we may have some more details...
Like to support my work.
Trade with care!
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🔔 Strong Resistance Area around 1,935USD
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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.