Gold: Descending Triangle Signals Downtrend for Goldfield
Gold: Descending Triangle Signals Downtrend for Goldfield
1. Price Formation: The price has broken out from a descending triangle price formation on a daily chart. Bearish sentiment.
2. Moving Averages: The 7-day moving average (MA) is below the 21-day MA. (7<21<200)
3. 200-day Moving Average is below the Price.
5. Relative Strength Index (RSI): The RSI is < than 50.
6. Price Target:1800
1. Price Formation: The price has broken out from a descending triangle price formation on a daily chart. Bearish sentiment.
2. Moving Averages: The 7-day moving average (MA) is below the 21-day MA. (7<21<200)
3. 200-day Moving Average is below the Price.
5. Relative Strength Index (RSI): The RSI is < than 50.
6. Price Target:1800
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