Gold breaks through the 2000 level and declines within the descending channel. On the daily timeframe there are preconditions for the continuation of the fall.
TA on the high timeframe:
1) Tuesday's daily candle closes below the 1999.585 level, which determines the bears' mood to continue this move when price returns to retest 1983.74
2) A correction is forming on the back of the uptrend. Price is updating the lows.
TA on the low timeframe:
1) Price begins to form a pullback after a fall.
2) The primary targets for a pullback may be: the local highs of 1993, 1999. (possible retest of previously broken support)
3) The current trend is bearish (on the 1-hour timeframe), hence our task is to consider trades going down from strong resistance levels.
Key resistance levels are 1990, 1993
Key support 1983.74
TA on the high timeframe:
1) Tuesday's daily candle closes below the 1999.585 level, which determines the bears' mood to continue this move when price returns to retest 1983.74
2) A correction is forming on the back of the uptrend. Price is updating the lows.
TA on the low timeframe:
1) Price begins to form a pullback after a fall.
2) The primary targets for a pullback may be: the local highs of 1993, 1999. (possible retest of previously broken support)
3) The current trend is bearish (on the 1-hour timeframe), hence our task is to consider trades going down from strong resistance levels.
Key resistance levels are 1990, 1993
Key support 1983.74
❤️ Telegram channel: t.me/AndeWave
相關出版品
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。
❤️ Telegram channel: t.me/AndeWave
相關出版品
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。