Gold presents very interesting pattern on daily charts. There is a clear pennant formation on a downtrend.
Pennants are continuation patterns. So a break to the downside could take this down to 1150 levels relatively shortly.
There are fundamental aspects that would support this move too. With the US on mend and Euro area in tatters, strengthening on USD would be in order. That should take gold down.
At this point it is wait and watch but one shouldn't miss this beautiful opportunity.
Pennants are continuation patterns. So a break to the downside could take this down to 1150 levels relatively shortly.
There are fundamental aspects that would support this move too. With the US on mend and Euro area in tatters, strengthening on USD would be in order. That should take gold down.
At this point it is wait and watch but one shouldn't miss this beautiful opportunity.
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Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.