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Gold Consolidating Near Long-Term Trendline

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Gold has been in a long-term downtrend on the 12-hour timeframe and has been attempting to break this trendline for almost 2 days now.

Should it break the trendline, it faces a significant resistance range
2055 - 2062
We expect a reaction to this resistance after breaking the trendline, with a potential pullback to the broken trendline followed by its own upward move towards 2070.

In case it fails to break the downtrend line, we may witness a downward movement towards a key support range at 2020.
Not
Very exciting and swift 🌟 Our target for gold 2077 has been hit!

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.