If you have a look at gold on a daily time frame we will see that it had induced buyers into the market.
from the low of Nov/Dec, on the5th Jan 2020 it form the 1,2,3 pattern which is reversal pattern.
This indicating that it is now in a Bearish market.
Gold will be selling for the long term. possible last take profit will be 561.10.
If we have a look at the DXY we will see that it will do a strong push to the upside this pushing gold down.
Thank you for taking the time to look through my analysis.
from the low of Nov/Dec, on the5th Jan 2020 it form the 1,2,3 pattern which is reversal pattern.
This indicating that it is now in a Bearish market.
Gold will be selling for the long term. possible last take profit will be 561.10.
If we have a look at the DXY we will see that it will do a strong push to the upside this pushing gold down.
Thank you for taking the time to look through my analysis.
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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.