Gold XAU/USD: IDEA Bearish long term ?
Here is an analysis on Gold long term
Last time we looked @ Gold long term analysis the pair was trading @ 1698
We expect gold to reverse @ $1680 level & expect another $2000 attempt.
However a bearish harmonic is forming currently on the 1D chart, not yet confirmed
What to expect.
Bearish harmonic formation @ an area of support/resistance on the 1M chart
If Gold closes the month of May above $1850
We would expect it to test $1875 followed by a retracement to $1850 before continuing
its bullish trend to $1900
But if it fails & respects the bearish harmonic we would expect a test to $1700 before it turns bullish again
link to previous analysis is below
Last time we looked @ Gold long term analysis the pair was trading @ 1698
We expect gold to reverse @ $1680 level & expect another $2000 attempt.
However a bearish harmonic is forming currently on the 1D chart, not yet confirmed
What to expect.
Bearish harmonic formation @ an area of support/resistance on the 1M chart
If Gold closes the month of May above $1850
We would expect it to test $1875 followed by a retracement to $1850 before continuing
its bullish trend to $1900
But if it fails & respects the bearish harmonic we would expect a test to $1700 before it turns bullish again
link to previous analysis is below
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Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.