🥇 Gold Chance For A Correction 🥇
🥇 Gold Chance For A Correction
🥇 Nearest strong support zone: around the 0.236 level of the upward wave.
🥇 Nearest strong resistance zone: area of recent peaks.
🥇 Technical environment:
- Moving averages: Uptrend
- MACD: Downtrend
- RSI: Downtrend
🥇 Price action: Gold has been falling all day today, is this a chance for the beginning of a larger correction? Certainly, it is impossible to talk about a guaranteed change in the trend, so far on gold I am waiting for more movements, perhaps an attempt to attack the peaks again, if such an attempt is unsuccessful, I would be more inclined to expect declines. For now, time must play a key role.
🥇 The scenario I am playing out is to wait for the formation of a larger candlestick formation that would represent the lack of strength of buyers. 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.
🥇 Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
🚀 If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile. 🚀
🥇 Nearest strong support zone: around the 0.236 level of the upward wave.
🥇 Nearest strong resistance zone: area of recent peaks.
🥇 Technical environment:
- Moving averages: Uptrend
- MACD: Downtrend
- RSI: Downtrend
🥇 Price action: Gold has been falling all day today, is this a chance for the beginning of a larger correction? Certainly, it is impossible to talk about a guaranteed change in the trend, so far on gold I am waiting for more movements, perhaps an attempt to attack the peaks again, if such an attempt is unsuccessful, I would be more inclined to expect declines. For now, time must play a key role.
🥇 The scenario I am playing out is to wait for the formation of a larger candlestick formation that would represent the lack of strength of buyers. 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.
🥇 Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
🚀 If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile. 🚀
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
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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 💲
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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.