M Formation has formed on Gold.
However, there is a BIG support with the neckline and the major 200MA.
As long as price stays above, this analysis will e wrong.
So this is a hesitant analysis to present, but one which is showing strong bearish momentum to come based on history rather than present and future.
Price >200 - needs to break below
RSI<50 turn up
Target will be to $1,710 if the price breaks below the Neckline and 200MA.
What do you think?
However, there is a BIG support with the neckline and the major 200MA.
As long as price stays above, this analysis will e wrong.
So this is a hesitant analysis to present, but one which is showing strong bearish momentum to come based on history rather than present and future.
Price >200 - needs to break below
RSI<50 turn up
Target will be to $1,710 if the price breaks below the Neckline and 200MA.
What do you think?
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。