As I analyzed in the morning, 2050 is resistance. After gold encountered resistance, it began to fall. Coupled with the suppression of ADP and unemployment benefits data, it is now down 10 US dollars from the high.
A red rope candle in 4H swallowed up all the previous gains. In this case, the decline may continue.
All I think is that the 2030 support may be broken today
A red rope candle in 4H swallowed up all the previous gains. In this case, the decline may continue.
All I think is that the 2030 support may be broken today
Trade active
It’s not above 2050, so I’m still bearish in the short term.Trade active
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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.