After heavy sell momentum which turned the market around from the mid trend at 4860's, we saw a dump to the current price range at 4300's . If the market continues on this bearish path where 4300's - 4280's doesn't hold, our next POI just as highlighted in this trend analysis.
A turnaround from around 4300's insinuates a pullback to 4470s - 4500's before another market reaction.
- Note that this is a weekly time-frame analysis , bear in mind also that this month's candle closes the 6months candle time frame formation so more market instability is expected.
Further breakdown to the lower timeframe would be given as updates as the market progresses. Follow for more updates .....Comment your thoughts on gold
A turnaround from around 4300's insinuates a pullback to 4470s - 4500's before another market reaction.
- Note that this is a weekly time-frame analysis , bear in mind also that this month's candle closes the 6months candle time frame formation so more market instability is expected.
Further breakdown to the lower timeframe would be given as updates as the market progresses. Follow for more updates .....Comment your thoughts on gold
تم فتح الصفقة
POI tested, gold has gotten to our expected POI even shorting below the 4200 zoneأغلقت الصفقة: تم الوصول للهدف
We could see a full trend line retest in the smaller bearish channel , further updates would be given 
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.
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.