🏅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
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.