Gold is now trading within a rising, expanding channel on a daily time frame. Updating the ATH, the price perfectly respected its upper boundary and started a bearish movement from that.
The closest strong support that I see is a demand cluster based on a minor broken trend line and a horizontal structure.
The underlined blue area can be the first pit stop for the sellers. I will look for a pullback trade from there.
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.