🥇GOLD - Correction to previously broken support
Gold is forming volume density on the resistance side which is pushing the price down. We are seeing a strong bearish trend that continues to conquer the lows
TA on the oblique timeframe:
1) Price is in a bearish channel and is aiming for the nearest strong support area in the medium term - 1809
2) Within the near term target, price may reach 1885 within a few days.
TA on the low timeframe:
1) A retest of the resistance area sends price down again
2) Support at 1909.85 is broken and a correction is forming to retest it
3) If the price consolidates below this, the market may give a good entry point for selling
4) Medium term target 1889
Key support📉: 1903.81
Key resistance📈: 1909.85, 1914.6
TA on the oblique timeframe:
1) Price is in a bearish channel and is aiming for the nearest strong support area in the medium term - 1809
2) Within the near term target, price may reach 1885 within a few days.
TA on the low timeframe:
1) A retest of the resistance area sends price down again
2) Support at 1909.85 is broken and a correction is forming to retest it
3) If the price consolidates below this, the market may give a good entry point for selling
4) Medium term target 1889
Key support📉: 1903.81
Key resistance📈: 1909.85, 1914.6
❤️ Telegram channel: t.me/AndeWave
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❤️ Telegram channel: t.me/AndeWave
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.