Or, is gold forming a cup and handle?
Noticeably there's a head and shoulders pattern breaking to the downside that coincided with a double top on a micro time frame.
Gold is currently trading below the 200DMA which is inherently bearish for the commodity. If gold bounces meaningfully with sustainable upward price movement off the 200DMA go long, if we see continued bearish momentum below the 200DMA go short to stay short.
Price target $800.00 USD in the next 5 years to decade.
Noticeably there's a head and shoulders pattern breaking to the downside that coincided with a double top on a micro time frame.
Gold is currently trading below the 200DMA which is inherently bearish for the commodity. If gold bounces meaningfully with sustainable upward price movement off the 200DMA go long, if we see continued bearish momentum below the 200DMA go short to stay short.
Price target $800.00 USD in the next 5 years to decade.
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這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。