gold analysis

٥ يوليو ٢٠٢٢

GOLD for many previous posts i share I've always been bearish on gold due to a fundamentally USD Currency Index strength , as well a fundamentally and technically GOLD weakness. currently GOLD is being traded in a sort of a bearish consolidation , and with gold failing to break above 1812 and falling under 1808 is a sign of the sellers pressure on GOLD , and if we see a break of 1798 there is a high probability for GOLD to continue it's bearish run toward 1792/1787 levels before a possible up movement above 1808 to collect more liquidity that will help it in the future fall but that needs to be closely watched .

for trading advice i personally suggest you to wait for a break under 1798 for you to place any sells .

if you find the GOLD post of value please do like it and comment bellow , and press the follow button so you don't miss any future update of this chart .

have a safe trade and I will see you soon in the next post !

٥ يوليو ٢٠٢٢

ملاحظة

like I mentioned a break under 1800 took the price to the under levels