🥇 Gold Will We Keep The Trend? 🥇
🥇 Gold Will We Keep The Trend?
🥇 Nearest strong support zone: around the 0.236 level of the upward wave.
🥇 Nearest strong resistance zone: around recent highs.
🥇 Technical environment:
- Moving averages: Uptrend
- MACD: Downtrend
- RSI: Uptrend
🥇 Price action: after such increases it is time for these increases to cool down for a while, analyzing the market more deeply I do not expect the trend on gold to be reversed in the near future, so far there are not many signs that would indicate the possibility of a trend reversal.
🥇 The scenario I'm playing out is to wait for the downward correction to end, and watch to see if the price will move towards the upside. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🥇 Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
🚀 If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile. 🚀
🥇 Nearest strong support zone: around the 0.236 level of the upward wave.
🥇 Nearest strong resistance zone: around recent highs.
🥇 Technical environment:
- Moving averages: Uptrend
- MACD: Downtrend
- RSI: Uptrend
🥇 Price action: after such increases it is time for these increases to cool down for a while, analyzing the market more deeply I do not expect the trend on gold to be reversed in the near future, so far there are not many signs that would indicate the possibility of a trend reversal.
🥇 The scenario I'm playing out is to wait for the downward correction to end, and watch to see if the price will move towards the upside. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🥇 Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
🚀 If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile. 🚀
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌
💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌
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.