GOLD: 1M Chart Review with price target
Hello friends, today you can review the technical analysis idea on a 1M linear scale chart for the Gold price.
Gold had a local double top formation and it seems that on a macro level it formed a double top as well. Looking at the overall economy, Gold has a strong possibility of heading down. The Fibonacci Retracement shows price coming down to the 0.236 level where this is major support with prior price action. That would be a price of around $1,100-$1,400 range.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
Gold had a local double top formation and it seems that on a macro level it formed a double top as well. Looking at the overall economy, Gold has a strong possibility of heading down. The Fibonacci Retracement shows price coming down to the 0.236 level where this is major support with prior price action. That would be a price of around $1,100-$1,400 range.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
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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.
Publications connexes
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.