🥇 GOLD - Double top with respect to resistance
Gold may decline a bit by 2030, then by 2015. On the chart we see a sideways range forming. A retest of resistance does not lead to success, but it forms a double top, which is a strong sell pattern relative to the strong level
Reasons for further decline ↓
1) resistance density 2045 - 2050 does not let the price in
2) A rebound and correction to support is being formed
3) The price is in a range
4) Bears are not letting the price through the strong resistance area yet
Reasons for further decline ↓
1) resistance density 2045 - 2050 does not let the price in
2) A rebound and correction to support is being formed
3) The price is in a range
4) Bears are not letting the price through the strong resistance area yet
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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.
❤️ Telegram channel: t.me/AndeWave
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.