GOLD analysis of the situation + SIGNAL recommendations
So, what is happening now with gold from the side of TECHNICAL ANALYSIS. 1. The price has been in a descending channel for a long time - if you work with technical analysis, you understand that there was a high probability that the price would move down from the upper border of the channel. What happened: EXIT from CHANNEL (marked with a yellow circle).
2. In such a situation, I now expect the price to consolidate (a slight downward movement) and further growth.
3. Under such conditions, I expect the price to go up in the long term. Our target will be the resistance line - the lower line of the rising channel.
RECOMMENDATIONS FOR SIGNAL OPENING: TP - Nearest resistance line - around 2000 SL - Below strong support level at 1798
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
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.
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.