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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🎯 Want More Trading Ideas?
📈 Join the FREE Forex & Gold Channel
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💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
관련 발행물
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.