Gold is declining and may continue to decline through 2016. This support has a proven strength, and in the absence of a clear trend, this level may push the price up with the help of buyers. The target in this case is 2027
Reasons to bounce:
1) Key level 2016 2) Price is trading inside a global flat pattern 3) 2016 is a strong support with a proven history 4) A distribution to support reduces the chances of a breakout 5) A bounce from 2016 could foment a correction to 2027.8
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.