GOLD, hard to make bullish cense !

15 Okt 2020

GOLD
Hello everyone 😃
As we can see 👀
- Rejected from BBs basis
- EMA 100 is now resistance for gold
- Bearish crossover on Stochastic RSI
- Resistance on RSI
- MACD is bearish
- Rejected from resistance zone !
- Trending into ascending channel

GOLD rejected from resistance and BBs basis, so we expect a breakout and take hold below channel.
If it happens first support is 1875, If it continues dump, next stop will be 1850 !

After this mid-term view, We recognize a reverse cup & handle !
Personally I dont believe in harmonic patterns but they did well most of time...
Now in long-term view we expect a retest 1785 and ATH near 2465 !!!
Here is the chart :


Attention : this is not a financial advise we just try to help people on their own vision.

HAVE A GOOD DAY
- Helical_Trades