GOLD: The Bearish Pattern is Still Valid
From our last analysis on GOLD that I shared with you on Friday we can see that the price already moved down and reached the first target.
Given that the bullish trend is yet too strong we faced in a profit taking zone corresponding to a strong psychological number 3000 and the price increased.
Currently GOLD tested the neckline of the pattern. The risk remains very high again but the chances are that it can move down as it was showing previously.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
From our last analysis on GOLD that I shared with you on Friday we can see that the price already moved down and reached the first target.
Given that the bullish trend is yet too strong we faced in a profit taking zone corresponding to a strong psychological number 3000 and the price increased.
Currently GOLD tested the neckline of the pattern. The risk remains very high again but the chances are that it can move down as it was showing previously.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
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t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
Related publications
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.
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
Related publications
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.