I did expect gold to drop last week due to the rising wedge in the chart. However, with initial drop during early last week, gold quickly recovered and reached 3367. Nevertheless, the trendline as indicated in the chart still holds. As long as this line holds, gold will most probably drop to 3180.
I am expecting initial rise of gold next week, followed by heavy drop, as long as the line holds.
Ceiling for bulls should be 3367 next week. I will closely monitor the price action there.
I am expecting initial rise of gold next week, followed by heavy drop, as long as the line holds.
Ceiling for bulls should be 3367 next week. I will closely monitor the price action there.
I have started trader's account in Roboforex.
Feel free to copy and earn together.
copyfx.com/ratings/rating-all/show/385840
Feel free to copy and earn together.
copyfx.com/ratings/rating-all/show/385840
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I have started trader's account in Roboforex.
Feel free to copy and earn together.
copyfx.com/ratings/rating-all/show/385840
Feel free to copy and earn together.
copyfx.com/ratings/rating-all/show/385840
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.