Yesterday it was the 4th of July and, with American markets closed, is no wonder Gold bearly moved.
Also, looking at the posted chart we can see that, in the past 6 weeks, the price action was pretty choppy and the pattern is an arch, suggesting down continuation.
Support at this moment is at 1780 and, as I mentioned before, a break here could lead to a further drop, even to 1680.
On the other hand, a break back above 1830 would negate my bearish scenario and expose the 1875 recent high.
Also, looking at the posted chart we can see that, in the past 6 weeks, the price action was pretty choppy and the pattern is an arch, suggesting down continuation.
Support at this moment is at 1780 and, as I mentioned before, a break here could lead to a further drop, even to 1680.
On the other hand, a break back above 1830 would negate my bearish scenario and expose the 1875 recent high.
註釋
TP @1780 HIT
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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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。