Short

GOLD → The trend formation continues. Support retest

failed to break the resistance of the local descending channel on H1 as the price is trapped inside the global bearish trend on D1. The correction is failing to yield much as gold is also weakening

GOLD → Bearish leverage continues to drive the market

On yesterday's decline the market is forming a local support level at 1908.4. From the opening of the new session we see a retest of this area without any strong counter-trend pullback. It is clear that the bears are strong at the moment, as evidenced by the futures volumes.
The market is in a downtrend, earlier there was a retest of 1916.7, the next target may be the support area (liquidity area) 1903, but from this area, as 1903 is a strong enough support area, a rebound may follow and form a flat or consolidation before a further maneuver. Within the flat, the price may reach resistance.

Support levels: 1908. 1903
Resistance levels: 1916, trend line
I expect a retest of 1908 with a subsequent breakout and testing of 1903. From 1903 a rebound to local resistance is possible before further fall.

Regards R. Linda!

RLinda

🌹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

또한 다음에서도:

면책사항

해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.

RLinda

또한 다음에서도:

GOLD → The trend formation continues. Support retest

관련 발행물

GOLD → False breakdown and retest give mid-term targets

GOLD → Resistance retest in correction phase

GOLD → Bearish leverage continues to drive the market

면책사항

관련 발행물

GOLD → False breakdown and retest give mid-term targets

GOLD → Resistance retest in correction phase

GOLD → Bearish leverage continues to drive the market

면책사항