Gold / XAUUSD is declining, which is a technical pull back inside the long term Channel Up.
A 4hour Death Cross will be formed tomorrow and in the past 12 months it has been a bearish signal of sell continuation.
We expect the bottom to be either on the 1day MA100 (1930) or the lower dotted line (1910). In either case, over Support A as on February 28th.
Confirmed buy signal will be when you see Higher Lows on the 4hour MACD leading to 0.0.
Long term Target = 2080.
Previous chart:
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A 4hour Death Cross will be formed tomorrow and in the past 12 months it has been a bearish signal of sell continuation.
We expect the bottom to be either on the 1day MA100 (1930) or the lower dotted line (1910). In either case, over Support A as on February 28th.
Confirmed buy signal will be when you see Higher Lows on the 4hour MACD leading to 0.0.
Long term Target = 2080.
Previous chart:
Follow us, like the idea and leave a comment below!!
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💰 Daily consulting
💰 Account management
💰 Mentorship
Contact: t.me/thecryptagon | info@thecryptagon.com
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thecryptagon.com covers news & insights on global markets (crypto, forex, stocks, commodities)
Institutional services offered:
💰 Daily consulting
💰 Account management
💰 Mentorship
Contact: t.me/thecryptagon | info@thecryptagon.com
Institutional services offered:
💰 Daily consulting
💰 Account management
💰 Mentorship
Contact: t.me/thecryptagon | info@thecryptagon.com
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.