Short
Gold's Divergence in the Making
The price of Gold has already established four bullish legs and a corrective one might be due next.
The price action is currently establishing a divergence, which is also underpinned by the MACD indicator.
If the price drops to the closest support, which is highly likely, this would represent a movement of $20 dollars. And if the price manages to break down below it, then the next target would be at the psychologically significant threshold at 1800.00. Such a correction would entail an additional dropdown of $50 in the price of the commodity
The price action is currently establishing a divergence, which is also underpinned by the MACD indicator.
If the price drops to the closest support, which is highly likely, this would represent a movement of $20 dollars. And if the price manages to break down below it, then the next target would be at the psychologically significant threshold at 1800.00. Such a correction would entail an additional dropdown of $50 in the price of the commodity
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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.