Gold price is heading towards this significant point of interest.
Downward trend line combined with a strong area of supply/resistance. If gold can push through the supply zone at 1934, one should look for a retest of this area, and then consider a buy. If it is a fakeout however, and gold is rejected from this area of supply, a significant selloff could be seen, down to the next major support levels of 1920, 1908 and 1901
Downward trend line combined with a strong area of supply/resistance. If gold can push through the supply zone at 1934, one should look for a retest of this area, and then consider a buy. If it is a fakeout however, and gold is rejected from this area of supply, a significant selloff could be seen, down to the next major support levels of 1920, 1908 and 1901
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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.