Just Some Basic TA :)
Decided to do some TA since I'm bored. I'm just taking a pure guess lol. But I think Gold is going down!
I drew some support & resistance levels. That resistance level is a very strong one since its supported by 2 peaks.
I believe there's a very high chance that the support level will be broken since gold is currently below the 200 period moving average.
50% chance of decline.
30% chance of neutral sideways move
20% chance of upward move.
The trend is currently bearish (below ma200). Please hit the like button, most of you don't. I need someone to cheer me up. Enjoy :)
I drew some support & resistance levels. That resistance level is a very strong one since its supported by 2 peaks.
I believe there's a very high chance that the support level will be broken since gold is currently below the 200 period moving average.
50% chance of decline.
30% chance of neutral sideways move
20% chance of upward move.
The trend is currently bearish (below ma200). Please hit the like button, most of you don't. I need someone to cheer me up. Enjoy :)
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