Today, we will show a short term analysis we have on Gold Futures:
-It's important to say that in the long term, we have a bullish perspective on GOLD; check the Weekly chart, we think we are on a Cup and Handle pattern, and this type of assets tend to be bullish on uncertainty times (safe heaven assets) with its aligned with the current situation.
-Now, we will focus on the 4HS chart and a possible short setup. The main structure is a descending channel. Currently, we observe a corrective pattern (ABC) supported on the descending channel. If the price breaks below "B," we expect a continuation of the bearish movement towards the 1700 zone. There we expect to find the bottom of the bearish movement.
Thanks for reading!
-It's important to say that in the long term, we have a bullish perspective on GOLD; check the Weekly chart, we think we are on a Cup and Handle pattern, and this type of assets tend to be bullish on uncertainty times (safe heaven assets) with its aligned with the current situation.
-Now, we will focus on the 4HS chart and a possible short setup. The main structure is a descending channel. Currently, we observe a corrective pattern (ABC) supported on the descending channel. If the price breaks below "B," we expect a continuation of the bearish movement towards the 1700 zone. There we expect to find the bottom of the bearish movement.
Thanks for reading!
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.