Gold Analysis: Market Structure Exhibit H& S , Rejection from 3375-77 Level Yesterday has completed the bearish H& S structure (1H+4H). Which means Price will stuck in the lower range for now ( previous Weeks)
Daily Candles are three black crows which means we are going deeply down.
This Weekly candle is SCARY Bearish So far.
Last line of defense for Bulls is 3340-3330 Level ( Weekly Low, Trendlines & Daily Averahes support). When it is broken Price will Like to move towards 3300 Level. I Seek to Sell Gold for Last week 62 % Retracement & last Weekly Low.
Daily Candles are three black crows which means we are going deeply down.
This Weekly candle is SCARY Bearish So far.
Last line of defense for Bulls is 3340-3330 Level ( Weekly Low, Trendlines & Daily Averahes support). When it is broken Price will Like to move towards 3300 Level. I Seek to Sell Gold for Last week 62 % Retracement & last Weekly Low.
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.