GOLD Short/Medium Term
Analysis on GOLD. The price has started to show a lower low, stopping its bullish impulse. In addition, it seems a cup with a handle pattern with a retracement in the 61.8% zone of Fibonacci tools. I determined supports and resistances where the price could bounce.
BULLISH: If the price breaks the 1910 area, it could point to 1930 as the first target, then check how the price reacts in that zone.
BEARISH: On the contrary, a break of the cup and handle will move the price action on the dynamic support of trendlines near 1870/1850. The last area for a possible bounce is represented by the break out in 1836/1822.
Keep updated and subscribe!
Comment to give improvements on the ideas to analyze!
BULLISH: If the price breaks the 1910 area, it could point to 1930 as the first target, then check how the price reacts in that zone.
BEARISH: On the contrary, a break of the cup and handle will move the price action on the dynamic support of trendlines near 1870/1850. The last area for a possible bounce is represented by the break out in 1836/1822.
Keep updated and subscribe!
Comment to give improvements on the ideas to analyze!
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.
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.