Or, is gold forming a cup and handle?
Noticeably there's a head and shoulders pattern breaking to the downside that coincided with a double top on a micro time frame.
Gold is currently trading below the 200DMA which is inherently bearish for the commodity. If gold bounces meaningfully with sustainable upward price movement off the 200DMA go long, if we see continued bearish momentum below the 200DMA go short to stay short.
Price target $800.00 USD in the next 5 years to decade.
Noticeably there's a head and shoulders pattern breaking to the downside that coincided with a double top on a micro time frame.
Gold is currently trading below the 200DMA which is inherently bearish for the commodity. If gold bounces meaningfully with sustainable upward price movement off the 200DMA go long, if we see continued bearish momentum below the 200DMA go short to stay short.
Price target $800.00 USD in the next 5 years to decade.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.