Gold Rally Slows, Pullback Imminent
https://www.tradingview.com/x/791GZJj6/
Since yesterday, gold has been fluctuating within the 2615-2635 range, with the bullish momentum clearly slowing down. In my view, it is likely to decline to 2606 by Friday at the latest.
Why 2606? This level serves as a key support in the ongoing upward trend. A healthy trend relies on robust technical support levels, which is the foundation of my prediction.
Continue to sell, and patiently wait for the price to drop, allowing the profits to materialize.
Since yesterday, gold has been fluctuating within the 2615-2635 range, with the bullish momentum clearly slowing down. In my view, it is likely to decline to 2606 by Friday at the latest.
Why 2606? This level serves as a key support in the ongoing upward trend. A healthy trend relies on robust technical support levels, which is the foundation of my prediction.
Continue to sell, and patiently wait for the price to drop, allowing the profits to materialize.
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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.