Gold is gradually rebuilding the local boundaries of the descending wedge. By the end of yesterday's trading session, on the background of the news, the price makes a shake-up, today another attempt to break the local resistance is formed.
TA on the high timeframe:
1) We still have a global uptrend
2) The bulls are stubbornly resisting and trying to hold the 1980-1985 zone
TA on the low timeframe:
1) Price breaks downward resistance. A price fixation above the line will form a bullish momentum
2) Still bearish potential at the moment. Until the price breaks the key resistance of 1990-2000, it is not worth talking about global growth, there is still global range resistance ahead.
3) It is more likely that the price may rise to 1990-1995 or to 2000, but in the mid-term the price can go back to support 1980-1985.
Key support 1982
Key resistance 1988, 1995, 2000
TA on the high timeframe:
1) We still have a global uptrend
2) The bulls are stubbornly resisting and trying to hold the 1980-1985 zone
TA on the low timeframe:
1) Price breaks downward resistance. A price fixation above the line will form a bullish momentum
2) Still bearish potential at the moment. Until the price breaks the key resistance of 1990-2000, it is not worth talking about global growth, there is still global range resistance ahead.
3) It is more likely that the price may rise to 1990-1995 or to 2000, but in the mid-term the price can go back to support 1980-1985.
Key support 1982
Key resistance 1988, 1995, 2000
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❤️ Telegram channel: t.me/AndeWave
Pubblicazioni correlate
Declinazione di responsabilitĂ
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.