Gold-Tech

🥇GOLD - Market tests resistance area by false breakout

Short
OANDA:XAUUSD   Or / Dollar Américain
Gold is forming a local downtrend. Which is relevant after the break of the ascending channel in early September.
The realization of a strong sell signal is forming on D1

TA on the high timeframe:
1) Everything is stable. False break of resistance sends the price down
2) Potential: falling to 1900 after correction.

TA on the low timeframe:
1) Price in bearish trend
2) A retest of 1926 prevents the price from updating the local high
3) Consolidation is forming below 1926 after a false breakdown
4) Bears are consolidating their positions on the background of a weak buyer

Key resistance📈: 1926
Key support📉: 1916 and 1903

All about GOLD🥇
Trading Tips💡
Secrets of🔑
Analysis📊
Forecasts🔔

FREE TELEGRAM:

🌹 Telegram channel: t.me/Go1dTech

😍 My contact: t.me/GoldTech
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.