Gold further push down
After touching the 2050's area, gold rejected to the lower levels of 2030-2020 due to positive news for USD. This has resulted in a sharp decline, where we can see the first signs of a longer term downtrend. Currently within the smaller time frames, we are in consolidation but with focus on reaching lower support levels of 2010-2012 and potentially the psychological level of 2000.
It is fair to mention, we must be aware of breaks to the upside, with a top in the 2040's area. From here we can short again.
Currently in
short - 2027
TP - 2011
TP2 - 20001
SL 1945
It is fair to mention, we must be aware of breaks to the upside, with a top in the 2040's area. From here we can short again.
Currently in
short - 2027
TP - 2011
TP2 - 20001
SL 1945
Note
We have reached the strong level of resistance, Now we wait for the confirmation to the downside, and enjoy the ride to 2000
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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.