Gold appears to be respecting a falling trend line on a 4H time frame.
A strong bearish pattern seems to be emerging. The price has formed a cup and handle pattern and is currently testing its neckline.
The next confirmation for a bearish trend is to watch for a breakout. A 4-hour candle closing below the 3620 level would validate the breakout.
Subsequently, a bearish reversal could be anticipated, potentially leading towards the next support level.
A strong bearish pattern seems to be emerging. The price has formed a cup and handle pattern and is currently testing its neckline.
The next confirmation for a bearish trend is to watch for a breakout. A 4-hour candle closing below the 3620 level would validate the breakout.
Subsequently, a bearish reversal could be anticipated, potentially leading towards the next support level.
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For daily market update 👇👇
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For paid signal & Copy Trading💹👇👇👇
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For daily market update 👇👇
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Backup Channel👇👇
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For paid signal & Copy Trading💹👇👇👇
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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.