GOLD 24.10. Daily timeframe
Hello! Let's look at the daily chart
What changes over the past 24 hours?
1) The price makes a false break of the key support 1729.5.
2) After the false impulse an impulse is formed and it continues today
3) Ichimoku turns into the green zone and forms a new ascending breakout
4) The price reaches the 0.618 Fibonacci zone and reverses
What should we expect?
1) Test resistance 1765.5
If the price breaks through and the bulls show some confidence and start pushing the price up, the price is likely to go to 1802 and further to 1869.
If the price makes a false-break or bounce from 1765.5, most likely it will fall to 1729.
What changes over the past 24 hours?
1) The price makes a false break of the key support 1729.5.
2) After the false impulse an impulse is formed and it continues today
3) Ichimoku turns into the green zone and forms a new ascending breakout
4) The price reaches the 0.618 Fibonacci zone and reverses
What should we expect?
1) Test resistance 1765.5
If the price breaks through and the bulls show some confidence and start pushing the price up, the price is likely to go to 1802 and further to 1869.
If the price makes a false-break or bounce from 1765.5, most likely it will fall to 1729.
❤️ Telegram channel: t.me/AndeWave
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.
❤️ Telegram channel: t.me/AndeWave
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.