Gold has been in a long-term downtrend on the 12-hour timeframe and has been attempting to break this trendline for almost 2 days now.
Should it break the trendline, it faces a significant resistance range
2055 - 2062
We expect a reaction to this resistance after breaking the trendline, with a potential pullback to the broken trendline followed by its own upward move towards 2070.
In case it fails to break the downtrend line, we may witness a downward movement towards a key support range at 2020.
Should it break the trendline, it faces a significant resistance range
2055 - 2062
We expect a reaction to this resistance after breaking the trendline, with a potential pullback to the broken trendline followed by its own upward move towards 2070.
In case it fails to break the downtrend line, we may witness a downward movement towards a key support range at 2020.
Note
Very exciting and swift 🌟 Our target for gold 2077 has been hit!
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Publications connexes
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.