Main items we can see on the chart:
a) After a long time above a support zone, the price formed a clear corrective Structure
b) The Corrective Structure was broken with a bullish movement
c) Our main target for this movement is the next resistance zone at 1900-1915
d) Currently, the price is on its way to the Target
e) However, in our experience observing GOLD, we have seen that middle corrections happen on the movement towards these type of targets. So, expect one before opening new long positions if you couldn't open positions yet.
a) After a long time above a support zone, the price formed a clear corrective Structure
b) The Corrective Structure was broken with a bullish movement
c) Our main target for this movement is the next resistance zone at 1900-1915
d) Currently, the price is on its way to the Target
e) However, in our experience observing GOLD, we have seen that middle corrections happen on the movement towards these type of targets. So, expect one before opening new long positions if you couldn't open positions yet.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.