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
Trade ativo
POI tested, gold has gotten to our expected POI even shorting below the 4200 zoneTrade fechado: objetivo atingido
We could see a full trend line retest in the smaller bearish channel , further updates would be given 
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.