🥇GOLD - Wedge. Resistance breakout. What could happen?
Gold breaks the resistance of the key figure and prepares for further growth. What is likely to happen? Will there be a rise or a fall?
TA on the high timeframe:
1) A false breakout is forming on D1. Quite a complicated setup that stretched for two days
2) After the false breakdown the price may be interested in the area of 1912-1920.
TA on the low timeframe:
1) A bearish wedge is forming on the chart
2) The price forms a rebound from the support of the key figure and an impulse of 36% is formed, which indicates an active attack of buyers.
3) The price breaks the resistance of the wedge, a figure that can break the trend, most likely the rebound can last until the nearest strong resistance.
Key support📉: 1902.87
Key resistance📈: 1914.12
TA on the high timeframe:
1) A false breakout is forming on D1. Quite a complicated setup that stretched for two days
2) After the false breakdown the price may be interested in the area of 1912-1920.
TA on the low timeframe:
1) A bearish wedge is forming on the chart
2) The price forms a rebound from the support of the key figure and an impulse of 36% is formed, which indicates an active attack of buyers.
3) The price breaks the resistance of the wedge, a figure that can break the trend, most likely the rebound can last until the nearest strong resistance.
Key support📉: 1902.87
Key resistance📈: 1914.12
All about GOLD🥇
Trading Tips💡
Secrets of🔑
Analysis📊
Forecasts🔔
FREE TELEGRAM:
🌹 Telegram channel: t.me/Go1dTech
😍 My contact: t.me/GoldTech
Trading Tips💡
Secrets of🔑
Analysis📊
Forecasts🔔
FREE TELEGRAM:
🌹 Telegram channel: t.me/Go1dTech
😍 My contact: t.me/GoldTech
Publikasi terkait
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.