Gold- Bears have won the battle
In my yesterday's commentary, I said that is imperative for bulls to maintain 1680 intact, and they failed to do this.
Gold dropped pretty hard and closed again under this important level.
Considering that the recent rally stopped exactly in the falling channel's trend line and this recent failure to stay above 1680 support we can expect continuation to the downside.
1680 zone is now resistance and rallies in that zone should be sold.
Support lies between 1615-1620
Gold dropped pretty hard and closed again under this important level.
Considering that the recent rally stopped exactly in the falling channel's trend line and this recent failure to stay above 1680 support we can expect continuation to the downside.
1680 zone is now resistance and rallies in that zone should be sold.
Support lies between 1615-1620
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Bust your trading with 50% deposit bonus:
secure.m4markets.com/links/go/5426
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Bust your trading with 50% deposit bonus:
secure.m4markets.com/links/go/5426
Pubblicazioni correlate
Declinazione di responsabilità
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.