InvestMate 🥇 Gold Continues Attacking South 🥇
🥇 Gold Continues Attacking South
🥇 Nearest strong support zone: around the 0.236 fibo level of the upward wave.
🥇 Nearest strong resistance zone: around fibo level 0.618 of the downward wave.
🥇 Technical environment:
📊 Moving averages: Downtrend
📊 MACD: Uptrend
📊 RSI: Downtrend
🥇 Price action: gold once again a day in a row failed to find enough strength to generate an upward impulse. Therefore, my scenario remains unchanged and I still believe that we still have space for declines. We have formed something like an upward channel. Such a formation mostly continues the already established trend, which only increases the likelihood of a downward scenario.
📉 The scenario I am playing out is a continuation of the declines. 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.
🚀 If you appreciate my work and effort in this post, I encourage you to leave a like and follow on my profile. 🚀
🥇 Nearest strong support zone: around the 0.236 fibo level of the upward wave.
🥇 Nearest strong resistance zone: around fibo level 0.618 of the downward wave.
🥇 Technical environment:
📊 Moving averages: Downtrend
📊 MACD: Uptrend
📊 RSI: Downtrend
🥇 Price action: gold once again a day in a row failed to find enough strength to generate an upward impulse. Therefore, my scenario remains unchanged and I still believe that we still have space for declines. We have formed something like an upward channel. Such a formation mostly continues the already established trend, which only increases the likelihood of a downward scenario.
📉 The scenario I am playing out is a continuation of the declines. 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.
🚀 If you appreciate my work and effort in this post, I encourage you to leave a like and follow on my profile. 🚀
Note
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
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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.
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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.