InvetsMate 🥇 Gold Fell As I Wrote 🥇
🥇 Gold Fell As I Wrote.
🥇 Nearest strong support zone: around the fibo level of the 0.236 upward wave.
🥇 Nearest strong resistance zone: around fibo level 0.618 of the downward wave.
🥇 Technical environment:
📊 Moving averages: Uptrend
📊 MACD: Downtrend
📊 RSI: Downtrend
🥇 Price Action: Gold fell as I wrote, the apparent weakness in gold could be seen since the breakout of the $1920 price levels. Since then we have had a lot of trouble generating a new strong upward momentum. So far, it looks like the downward trend initiated will continue. Over the coming days, I expect the price to slowly descend to lower levels, perhaps even in the area of $1820
📉 The scenario I am playing out is a continuation of the downward movement. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🚀 If you appreciate my work and effort in this post, I encourage you to leave a like and follow on my profile. 🚀
🥇 Nearest strong support zone: around the fibo level of the 0.236 upward wave.
🥇 Nearest strong resistance zone: around fibo level 0.618 of the downward wave.
🥇 Technical environment:
📊 Moving averages: Uptrend
📊 MACD: Downtrend
📊 RSI: Downtrend
🥇 Price Action: Gold fell as I wrote, the apparent weakness in gold could be seen since the breakout of the $1920 price levels. Since then we have had a lot of trouble generating a new strong upward momentum. So far, it looks like the downward trend initiated will continue. Over the coming days, I expect the price to slowly descend to lower levels, perhaps even in the area of $1820
📉 The scenario I am playing out is a continuation of the downward movement. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🚀 If you appreciate my work and effort in this post, I encourage you to leave a like and follow on my profile. 🚀
Note
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
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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.
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌
💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌
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.