Gold: Short-term Analysis for 05/11/2024
Timeframe H1. If support at the previous low is broken to the downside, the price is likely to continue testing the 2720-2717 support area. Given the presence of bearish divergence and that the market has taken inducement, it seems probable that the price will establish a new low. The alternative scenario is that if the price breaks through the upper resistance, there is a strong chance that it will fill the gap.https://www.tradingview.com/x/IgEaiNUH/
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.