GOLD (XAUUSD):Bearish From Strong Resistance 1903-1917!🛢️
Diupdate
Hello to all dear friends.
I remain bearish on gold. Ahead is a strong structure resistance.
For the last 3 trading weeks, Gold is very bullish .
The market gained more that 6%.
So the long-term bullish power will not fall immediately, it may form a double-headed structure and reach 1903-1917 again.
Once the price reaches this position, again that your task will be to look for an intraday confirmation to short.
Then a pullback will be expected at least to 1850 level.
If you analyze the price action from February 2021 you may notice that the market is trading within a wide horizontal trading range.
If 1917 is broken strongly, then that means a bullish breakout of the underlined resistance will trigger a bullish continuation to 1960 level.
❤️Please, support this idea with like and comment!❤️
Catatan
The long upper shadow is due to the war factor.
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.