GOLD SELL ANALYSIS 18 July 2024
The chart indicates multiple signals for a potential sell:
1. Double Top Pattern: The price has formed a double top near the resistance level, which often signals a bearish reversal.
2. Channel Resistance: The price has hit the upper boundary of the ascending channel and started to reverse, indicating a potential decline.
3 Overbought Conditions: The asset appears to be overbought, as indicated by the red circles and arrows, suggesting a correction is likely.
Profit Targets: The chart has clear take profit (TP) levels marked (TP1, TP2, TP3) below the current price, indicating expectations of downward movement.
1. Double Top Pattern: The price has formed a double top near the resistance level, which often signals a bearish reversal.
2. Channel Resistance: The price has hit the upper boundary of the ascending channel and started to reverse, indicating a potential decline.
3 Overbought Conditions: The asset appears to be overbought, as indicated by the red circles and arrows, suggesting a correction is likely.
Profit Targets: The chart has clear take profit (TP) levels marked (TP1, TP2, TP3) below the current price, indicating expectations of downward movement.
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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.