After the false break and the strong reversal to the upside, Gold reached descending channel's resistance and started to drop.
As I said last week, the 1680-1690 zone should offer support and is imperative for bulls to hold this zone intact if they were to hope for a long-term reversal.
However, only the price above 1715 would confirm the reversal, and with the price between 1680 and 1715 Gold is trading in no man's land.
A daily close under 1680 would put again pressure on Gold and supports under this figure are 1650 and 1620.
So far I maintain my bullish bias
As I said last week, the 1680-1690 zone should offer support and is imperative for bulls to hold this zone intact if they were to hope for a long-term reversal.
However, only the price above 1715 would confirm the reversal, and with the price between 1680 and 1715 Gold is trading in no man's land.
A daily close under 1680 would put again pressure on Gold and supports under this figure are 1650 and 1620.
So far I maintain my bullish bias
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המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
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📈 Join the FREE Forex & Gold Channel
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💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.