It is almost inconceivable that gold can break through this area on the first attempt. So a sell here is logical specially when price touches 1746-1748 zone.
Will it break through? At this time and in the current wave, I dont believe so.
However if it does cross with a strong H4 close we have to seriously consider 1769-1772 as the next target.
Will it break through? At this time and in the current wave, I dont believe so.
However if it does cross with a strong H4 close we have to seriously consider 1769-1772 as the next target.
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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.