This week, Gold reject 1724 - 1735 horizontal daily resistance.
We see a strong bearish reaction from that.
We can expect to test again a key horizontal demand area: 1675 - 1697.
To catch the next trend-following move, patiently wait for breakout.
A bearish continuation will be expected then to 1623 area.
Wait for a confirmation, traders!
That will be our trigger.
Have a great weekend!
We see a strong bearish reaction from that.
We can expect to test again a key horizontal demand area: 1675 - 1697.
To catch the next trend-following move, patiently wait for breakout.
A bearish continuation will be expected then to 1623 area.
Wait for a confirmation, traders!
That will be our trigger.
Have a great weekend!
Note
If we playout this scenario for sure #XAU Gold will keep dipping to next Weekly Major Support .
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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.
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.