An small analysis of the accumalation zone for GOLD. If gold falls below the Bearish Signal, we can expect price to fall for quite a bit.
Trade active
Global markets opened with Gold being on the +ve side.Trade active
Still in accumulation zone.Trade active
Trading in our accumulation zone.Note
False breakout on the downside on Aug 26th trading session. Gold price bounced back above $1950.00Note
False breakout on the upside on Aug 27th Trading session. Gold touched a high of $1972.00 and fallen below $1950.00 range.
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.
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.