Gold presents very interesting pattern on daily charts. There is a clear pennant formation on a downtrend.
Pennants are continuation patterns. So a break to the downside could take this down to 1150 levels relatively shortly.
There are fundamental aspects that would support this move too. With the US on mend and Euro area in tatters, strengthening on USD would be in order. That should take gold down.
At this point it is wait and watch but one shouldn't miss this beautiful opportunity.
Pennants are continuation patterns. So a break to the downside could take this down to 1150 levels relatively shortly.
There are fundamental aspects that would support this move too. With the US on mend and Euro area in tatters, strengthening on USD would be in order. That should take gold down.
At this point it is wait and watch but one shouldn't miss this beautiful opportunity.
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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.