Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
Gold Bearish Development
Gold Spot / U.S. Dollar
Short
Gold Bearish Development
By oxxygee
Follow
Follow
Jun 26, 2023
2
Jun 26, 2023
From the chart, we can see that the price is moving within
a bearish channel for the the past weeks.
Price already created a strong resistance zone near 1968 and continue to hold which is a clear indication that this bearish movement will hold.
The last zone of support will be near the base of the channel after completion of the bigger WXY and it's internal degree abc.
hold your short position or open a short position at a god entry point with your target at 1888.36
Good luck
Chart Patterns
elliotwaveanalysis
Gold
goldtradingstrategy
Technical Analysis
Trend Analysis
Wave Analysis
wavestructure
wavetheory
oxxygee
Follow
Also on:
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
.