CFD sur Or (US$/OZ)
Long

GOLD will continue move down or back to up trend ?

217
Gold is trading in a downtrend
Price is based on a support level at 1795.75
Below SMA 100 and SMA 200
Above HVN at level 1778
MACD shows bearish momentum
RSI is below level 50

First scenario: if price breaks support level at 1795.75 and close below it on H4 frame, it's recommended to open short trade to target support levels respectively 1748.80, 1722.50

Second scenario: if price breaks downtrendline and close above resistance level 1 at 1833.45 on H4 frame, it's recommended to open long trade to target resistance respectively 1855, 1902

R3: 1902
R2: 1855
R1: 1833.45
Pivot: 1820
S1: 1795.75
S2: 1748.80
S3: 1722.50

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