Gold is testing a new low and updating the low. Price is forming a bounce and testing trend resistance, but more likely another decline may be formed which will further weaken the price.
TA on the high timeframe: 1) We should consider 1902.87 as a medium-term target 2) Yesterday's daily candle formed a strong enough signal to fall - a shakeout was formed (a candle with a long shadow). The market sold off everything it bought and closed the session at the very low.
TA on the low timeframe: 1) The market bought back the decline a bit and tested bearish trend resistance. 2) If price does not break trend resistance on the retest, the decline will continue 3) A sell signal is forming now, it is important to wait for the confirmation of the signal
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.