The current trend line for gold is a downward sloping line that has been in place since [May 14, 2024 at 09:30 UTC]. The gold price is currently trading at [USD 2,348.46] and is expected to continue to decline until it reaches the support level at [USD 2,321.00]. Once it reaches this level, the gold price is expected to reverse its direction and begin to move higher.
Note
To the target (2321 USD).. ;)
Note
If the price breaks the white downtrend (hanging in the air) + crosses the vertical white time line today, May 14, at 9:30, we will close the downtrend and start a very strong buy order, with its first target being $2,375 per ounce.
Note
How does a line hanging in the air affect the price? Perhaps we will close the sell Order now (in profit) and open a buy Order, because the time represented by the white vertical line remains less than 3 hours - which means that the price after that will achieve the second part of the recommendation early, which is rising to the targets 2350$,then 2380 $
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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.