Gold XAU/USD: IDEA Bearish long term ?
Here is an analysis on Gold long term
Last time we looked @ Gold long term analysis the pair was trading @ 1698
We expect gold to reverse @ $1680 level & expect another $2000 attempt.
However a bearish harmonic is forming currently on the 1D chart, not yet confirmed
What to expect.
Bearish harmonic formation @ an area of support/resistance on the 1M chart
If Gold closes the month of May above $1850
We would expect it to test $1875 followed by a retracement to $1850 before continuing
its bullish trend to $1900
But if it fails & respects the bearish harmonic we would expect a test to $1700 before it turns bullish again
link to previous analysis is below
Last time we looked @ Gold long term analysis the pair was trading @ 1698
We expect gold to reverse @ $1680 level & expect another $2000 attempt.
However a bearish harmonic is forming currently on the 1D chart, not yet confirmed
What to expect.
Bearish harmonic formation @ an area of support/resistance on the 1M chart
If Gold closes the month of May above $1850
We would expect it to test $1875 followed by a retracement to $1850 before continuing
its bullish trend to $1900
But if it fails & respects the bearish harmonic we would expect a test to $1700 before it turns bullish again
link to previous analysis is below
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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.
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.