Gold reaches the specified level and forms a false breakout attempt. A rebound may be formed. But there is a chance of a continuation of the fall from the level of 1825.
TA on the high timeframe:
1) Broken 0.5 fibo level. A strong fall is formed from the opening
2) The liquidity area that the price can test within the counter-trend correction is in the area of 1840-1850.
TA on the low timeframe:
1) We have a strong downtrend
2) The price cannot fall all the time. If there is a false breakout of 1825 and the price forms consolidation above the level, there may be a rebound to local resistance levels.
3) In the medium term, the fall will continue, but after a probable correction.
Key support📉: 1825
Key resistance📈: 1833, 1840, 1850
TA on the high timeframe:
1) Broken 0.5 fibo level. A strong fall is formed from the opening
2) The liquidity area that the price can test within the counter-trend correction is in the area of 1840-1850.
TA on the low timeframe:
1) We have a strong downtrend
2) The price cannot fall all the time. If there is a false breakout of 1825 and the price forms consolidation above the level, there may be a rebound to local resistance levels.
3) In the medium term, the fall will continue, but after a probable correction.
Key support📉: 1825
Key resistance📈: 1833, 1840, 1850
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❤️ Telegram channel: t.me/AndeWave
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.