GOLD next bear targets
With todays price action we see a nice rejection off the falling trend line resistance. US data pushed price for a possibly breakout only to run into resistance and break back down to continue downwards.
Price is now forming a bearish triangle pattern with support currently being tested. The plan?
- Hold for break of this key level of support
- Wait for a retest / roll reverse (lower time frames LL, MA crosses)
- Support levels at 2266 (previous low/Swing) and 2255 (deep daily fib level)
Price is now forming a bearish triangle pattern with support currently being tested. The plan?
- Hold for break of this key level of support
- Wait for a retest / roll reverse (lower time frames LL, MA crosses)
- Support levels at 2266 (previous low/Swing) and 2255 (deep daily fib level)
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