At glance we see a down trend based on moving averages. With the yellow being tested and rejected multiple times. Suggesting further downward move can be expected. Zones 1 has bin a str9ng hold for gold. Patience is key for long term trades as a break on upside or downside would suggest further moves. Short term possible selling is availible but will be watching key areas in zone 2 for breaks or rejection.
Please take note this is not trading advice.
Please take note this is not trading advice.
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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.