Gold again stands near the same levels as when the yesterday analysis was posted
It is correcting after retesting the upper trendline of the descending wedge
The prices also fell below 9EMA, while RSI is also falling and rests near 40 level
The pivotal level of 4022 still stands unbreached, and a head & shoulder seems to be forming with right shoulder in the making.
Now a considerable correction below 4022 with strong volumes might drive the prices lower, below 4000 levels
It is correcting after retesting the upper trendline of the descending wedge
The prices also fell below 9EMA, while RSI is also falling and rests near 40 level
The pivotal level of 4022 still stands unbreached, and a head & shoulder seems to be forming with right shoulder in the making.
Now a considerable correction below 4022 with strong volumes might drive the prices lower, below 4000 levels
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.