Gold has hit the previous structure and resistance zone at 1790-1800. It has formed a hanging man candlestick pattern on 1-hour chart with negative divergences on MACD and RSI indicators.
Expect gold to pull back to 1750-1760 support zone when gold breaks 1780 level.
Expect gold to pull back to 1750-1760 support zone when gold breaks 1780 level.
Order cancelled
Gold did not break 80 but instead break 90 so trade cancelled
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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.