🏅GOLD - A bearish candle on Friday. Short Scenario
Gold forms a technical pullback to the resistance area of 2016.
A retest of 2016 forms a consolidation below the level and the market gives us a sell signal
TA on high timeframe:
1) Price closes near a strong support level - possible development of a sell scenario
2) The price is not ready to recover yet, as gold hits resistance at every attempt
TA on the low timeframe:
1) A retest of 2016 forms a consolidation below the level. This opens us up to bearish potential
2) A downward price channel is forming.
3) Price on Monday could test support 2000 followed by a breakdown and a fall to 1990 and 1977
Key resistance 2016
Key support: 2000
A retest of 2016 forms a consolidation below the level and the market gives us a sell signal
TA on high timeframe:
1) Price closes near a strong support level - possible development of a sell scenario
2) The price is not ready to recover yet, as gold hits resistance at every attempt
TA on the low timeframe:
1) A retest of 2016 forms a consolidation below the level. This opens us up to bearish potential
2) A downward price channel is forming.
3) Price on Monday could test support 2000 followed by a breakdown and a fall to 1990 and 1977
Key resistance 2016
Key support: 2000
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❤️ Telegram channel: t.me/AndeWave
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.