Bearish Trend in Gold Timeframe M30 .
BEARISH OUTLOOK:
GOLD price are expected to drop today, as continueasly bearish today, driven by a stronging US dollar and decreasing for safe heaven assets.
TECHNICAL ANALYSIS:
on the technical front, gold is falling from the 2658 yesterday, moving average, indicating a bearish trend .and the relative RSI is also pointing to oversold conditions, suggesting a potential rebound.
SNR :
key level for GOLD are at 2666 and 2658, while resistance levels for GOLD are at 2604 and 2598.
TRADING STRATEGY :
according to our analysis, we recommend a short position in gold targeting a move towards 2610 and 2720. however, traders should be cautions of potential pullbacks and adjust their strategies accordingly.
BEST WISHES TOM 😎
GOLD price are expected to drop today, as continueasly bearish today, driven by a stronging US dollar and decreasing for safe heaven assets.
TECHNICAL ANALYSIS:
on the technical front, gold is falling from the 2658 yesterday, moving average, indicating a bearish trend .and the relative RSI is also pointing to oversold conditions, suggesting a potential rebound.
SNR :
key level for GOLD are at 2666 and 2658, while resistance levels for GOLD are at 2604 and 2598.
TRADING STRATEGY :
according to our analysis, we recommend a short position in gold targeting a move towards 2610 and 2720. however, traders should be cautions of potential pullbacks and adjust their strategies accordingly.
BEST WISHES TOM 😎
Trade fermée manuellement
lets wait for the best trend gold is on the sideways yet .
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Telegram Channel For Free Accurate Singnals 👇 👇
t.me/+KbeYQsATx7diNjE8
t.me/+KbeYQsATx7diNjE8
Stay grouped with us we try to provide you best 🤩
For any help contact us on telegram 👇👇
t.me/Tom_Trades_670 😎
t.me/+KbeYQsATx7diNjE8
t.me/+KbeYQsATx7diNjE8
Stay grouped with us we try to provide you best 🤩
For any help contact us on telegram 👇👇
t.me/Tom_Trades_670 😎
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