Gold price action looks bearish, 1900 next?
Dear traders, Gold bulls have been unable to break the dynamic resistance
on the 4Hour chart despite multiple attempts to break it.
The support level in the 1937 level also looks fragile now. In my previous
couple of Gold ideas, I have mentioned that selling Gold1970 is wise choice
as it offers a low-risk-high reward set-up.
So, based on the current price action, it seems Gold will reach 1937 level. If the
buyers do not step in at that level, expect another leg down to 1900.
on the 4Hour chart despite multiple attempts to break it.
The support level in the 1937 level also looks fragile now. In my previous
couple of Gold ideas, I have mentioned that selling Gold1970 is wise choice
as it offers a low-risk-high reward set-up.
So, based on the current price action, it seems Gold will reach 1937 level. If the
buyers do not step in at that level, expect another leg down to 1900.
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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.