GOLD forms a false breakout of the strong support trendline, which is the lower boundary of the global price channel.
The global trend is bearish, but the price is in the risk zone in the global perspective and by this false breakdown the price has tested an important liquidity zone.
On the second chart, if you look closely, you can see the formation of the left shoulder and the head, the price returns to the retest of resistance 1679, from which may begin to form the right shoulder of the global reversal pattern.
I assume that in the medium term a reversal pattern may form and reverse the market to some extent, but in the short term I expect a pullback of the price from resistance 1679.
Regards R. Linda!
The global trend is bearish, but the price is in the risk zone in the global perspective and by this false breakdown the price has tested an important liquidity zone.
On the second chart, if you look closely, you can see the formation of the left shoulder and the head, the price returns to the retest of resistance 1679, from which may begin to form the right shoulder of the global reversal pattern.
I assume that in the medium term a reversal pattern may form and reverse the market to some extent, but in the short term I expect a pullback of the price from resistance 1679.
Regards R. Linda!
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Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
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🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
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🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: telegram.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: telegram.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.