GOLD: 1D Chart Review
Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for Gold.
The chart is self-explanatory. Gold price may come back down to re-test the top of the Descending Broadening Wedge Pattern. If price gets rejected when coming down, expect to see the 0.382 Fibonacci Retracement level to touch which is in line with the Multi-year Support Trend Line. RSI is near overbought on the daily chart so be careful.
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
The chart is self-explanatory. Gold price may come back down to re-test the top of the Descending Broadening Wedge Pattern. If price gets rejected when coming down, expect to see the 0.382 Fibonacci Retracement level to touch which is in line with the Multi-year Support Trend Line. RSI is near overbought on the daily chart so be careful.
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.