Gold looks down
I repeatedly pointed to the forthcoming reduction of price of gold. Now the price moves in the narrow range (it is visible on Bollinger Bands). Yesterday there was a false breakdown of resistance that by the way often happens in such cases. I continue to wait for reduction of price to the lower bound of range and further to 1860 in the beginning.
Information provided is only educational and should not be used to take action in the market.
Information provided is only educational and should not be used to take action in the market.
Note
Trade closed: target reached
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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.