Gold is making a false breakout of resistance and testing local support while the dollar is losing ground and testing areas of liquidity
TA on the high timeframe:
1) an attempt to break the resistance of the global channel is formed
2) The resistance of 1938 plays a key role
3) Flat is possible, but the medium-term outlook looks bearish
4) The dollar index is testing support and a quick rebound is possible, in which case gold will start to fall.
TA on the low timeframe:
1) Price is sandwiched between 1932 and 1922, a retest of resistance could form a consolidation and an entry point to sell.
2) If the dollar starts to rise the gold price will fall
3) Since we have a bearish trend and the price is inside the range, we have a chance to see a fall from resistance
Key supportš: 1922
Key resistanceš: 1932, 1935
TA on the high timeframe:
1) an attempt to break the resistance of the global channel is formed
2) The resistance of 1938 plays a key role
3) Flat is possible, but the medium-term outlook looks bearish
4) The dollar index is testing support and a quick rebound is possible, in which case gold will start to fall.
TA on the low timeframe:
1) Price is sandwiched between 1932 and 1922, a retest of resistance could form a consolidation and an entry point to sell.
2) If the dollar starts to rise the gold price will fall
3) Since we have a bearish trend and the price is inside the range, we have a chance to see a fall from resistance
Key supportš: 1922
Key resistanceš: 1932, 1935
ā¤ļø Telegram channel: t.me/AndeWave
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
ā¤ļø Telegram channel: t.me/AndeWave
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.