Gold (XAUUSD) has been been producing lower highs since 17-July...
How are you feeling today?
I hope you can enjoy a lovely weekend.
➖ Gold and Bitcoin have a positive correlation right now. This has been going for a while but there tends to be disparities and variations.
➖ Gold trading is closed on the weekend, so this chart will stop soon, but, signals are pointing lower for almost a month. Let's have a look at those.
➖ A peak was hit 17-July at 2,483. Trading volume is average all throughout this chart.
➖ On 2-August, volume becomes exceediling high. This was a bearish day.
Seeing the lower highs printed on the chart and this abnormal volume closing bearish, it tells us that the bears have control of the chart.
➖ Lower highs = lower lows.
👉 Based on the chart signals, we are expecting lower prices for Gold in the days and weeks to come.
Additional details on the chart.
Namaste.
How are you feeling today?
I hope you can enjoy a lovely weekend.
➖ Gold and Bitcoin have a positive correlation right now. This has been going for a while but there tends to be disparities and variations.
➖ Gold trading is closed on the weekend, so this chart will stop soon, but, signals are pointing lower for almost a month. Let's have a look at those.
➖ A peak was hit 17-July at 2,483. Trading volume is average all throughout this chart.
➖ On 2-August, volume becomes exceediling high. This was a bearish day.
Seeing the lower highs printed on the chart and this abnormal volume closing bearish, it tells us that the bears have control of the chart.
➖ Lower highs = lower lows.
👉 Based on the chart signals, we are expecting lower prices for Gold in the days and weeks to come.
Additional details on the chart.
Namaste.
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🚨 You need PREMIUM trade-numbers to profit from Cryptocurrencies —Best timing & amazing results! 👉 lamatrades.com (Since 2017)
💥💥💥 Early 2025 Results (NEW)
t.me/masteranandatrades/6119
🏆 FREE Trade-Numbers
anandatrades.com
💥💥💥 Early 2025 Results (NEW)
t.me/masteranandatrades/6119
🏆 FREE Trade-Numbers
anandatrades.com
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.