GOLD HEADING TO THE DOWNSIDE
SHORT GOLD
3 touch downwards TL(trendline) and also a S/R (support & resistance) at the 1329 mark. The market pushed itself to the TL to anticipate for the 3rd touch BUT ended up holding and fell back down. It's currently headed towards the 1329 S/R and from my perspective, its going to close below and that will be our indication for a nice short up to the 1208 area.
1244.45 has another S/R( support & resistance) so once we could expect it to hold at that level and bounce from there then proceed to drop , OR if it breaks... it'll proceed to our initial long term target at the 1208 area.
3 touch downwards TL(trendline) and also a S/R (support & resistance) at the 1329 mark. The market pushed itself to the TL to anticipate for the 3rd touch BUT ended up holding and fell back down. It's currently headed towards the 1329 S/R and from my perspective, its going to close below and that will be our indication for a nice short up to the 1208 area.
1244.45 has another S/R( support & resistance) so once we could expect it to hold at that level and bounce from there then proceed to drop , OR if it breaks... it'll proceed to our initial long term target at the 1208 area.
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.