Gold is flying down. The dollar is strengthening after the NFP on Friday. I think we should prepare for what could be a slight buyout on Monday to the 1954 area followed by a drop to 1932.
TA on the high timeframe: 1) Price failed to break out of the 1981-1935 range and in a flat trading strategy, price moves down from resistance to support. 2) False breakout of the liquidity area from the resistance side generates a volume spike, after which the market maker reduces the price to support.
TA on a low timeframe: 1) Price is about to test the previously broken downward channel boundary. A bounce from this line is possible 2) Most likely, the bounce will probably happen to 1954. 3) From the resistance of 1954 I will expect fall in price, because gold has a negative fundamental background
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.