Hello dear traders,
Gold since yesterday showed a lack of selling power and now it penetrated a minor trendline that could push prices further into higher levels and that is the preferred scenario to happen.
If prices fail to go higher and the market distributed a selling power to break below the support area, we will target the next support.
Be prepared for anything scenario to happen and wishing you a happy tade.
Gold since yesterday showed a lack of selling power and now it penetrated a minor trendline that could push prices further into higher levels and that is the preferred scenario to happen.
If prices fail to go higher and the market distributed a selling power to break below the support area, we will target the next support.
Be prepared for anything scenario to happen and wishing you a happy tade.
Note
Since prices break below this support level, it's high likely we will move to the alternative scenario, be awareNote
Don't rush into your trade, wait for market to stablizeNote
Short now
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.
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.