Gold makes a false break of the strong resistance and goes back to the support for another retest. On the daily chart, there is still a possible bearish scenario. What's next?
Gold is under pressure from the resistance and it is still unable to break out of the upside range.
The price is coming back to test the support line of the channel.
On the daily chart, there is a 5-day pre-break accumulation, which is close to the support line. Consequently, due to the lack of proper upside reaction from the level, there are chances of a downside breakout.
Below the channel line there is a strong support level 1988, a breakdown of this area will mean further significant price declines
Strong resistance: the descending line, the level of 2000
Strong support: the lower boundary of the channel, the level of 1988
It is difficult to predict now, so we will act post factum: if the price breaks the support, we will wait for it to fall first to 1988, and then to 1980. If the price breaks the resistance, we will wait for the growth up to 2020.
Regards to R. Linda!
Gold is under pressure from the resistance and it is still unable to break out of the upside range.
The price is coming back to test the support line of the channel.
On the daily chart, there is a 5-day pre-break accumulation, which is close to the support line. Consequently, due to the lack of proper upside reaction from the level, there are chances of a downside breakout.
Below the channel line there is a strong support level 1988, a breakdown of this area will mean further significant price declines
Strong resistance: the descending line, the level of 2000
Strong support: the lower boundary of the channel, the level of 1988
It is difficult to predict now, so we will act post factum: if the price breaks the support, we will wait for it to fall first to 1988, and then to 1980. If the price breaks the resistance, we will wait for the growth up to 2020.
Regards to R. Linda!
交易开始
🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: telegram.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: telegram.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
相关出版物
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: telegram.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: telegram.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
相关出版物
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。