Comex
Gold trend in H4 time frameThe downside break of the rising trendline support, earlier this week, has kept XAU sellers alive and kicking. Bears now gather strength to take out the 2022 lows at $1,615, paving way for a test of the $1,600 round figure. The 14-day Relative Strength Index (RSI) is pointing south towards the oversold territory while below the midline, suggesting that there is more room to the downside
Gold's bear trend just started? Gold Futures 1700 have been broken, gold price has broken below the rectangle pattern formed between 2020-2022.
the current price level (around 1673) seems to be the technical rebound form breaking the rectangle pattern.
is it the start of the bear trend on Gold? if the pattern were to materialise, may see gold price be testing at around 1400.
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Gold Forecast 12/09/2022Gold price broke above the falling trendline resistance at $1,712 on a daily closing basis and validated a falling channel breakout. The recovery from six-week lows could regain traction on a sustained move above the $1,720 round number, above which the $1,730-$1,734 supply zone could come into play. The area is the confluence of the recent range highs and the bearish 21-Daily Moving Average (DMA). Further up, the 50-DMA at $1,742 will be a tough nut to crack for bulls.
US30 ! New point to enterwait for breakout and once it take retrace
then will take a entry for now us 30 is in sideways momentum
US30 ! New point to jumphere we have a good point all we need to wait for sustain the candle below or above the trend line after that we can enter into trade in bullish side we have 300+ point target and in sell it's 200+ target