Kool & the Gang is getting down and so is Gold!
Gold is cloesly trading at its previous low. For now we still expect a final push in the $1980s region, where a sharp change in trend should happen. The turnaround zone is indicated by the yellow box. In case the bears are highly motivated and manage to break below $1916, the downward move could accelerate. Next stop would be the $1810 region, so shorts under $1916 might be a good idea.
What are your thoughts on our scenario?
Happy to discuss!
Gold is cloesly trading at its previous low. For now we still expect a final push in the $1980s region, where a sharp change in trend should happen. The turnaround zone is indicated by the yellow box. In case the bears are highly motivated and manage to break below $1916, the downward move could accelerate. Next stop would be the $1810 region, so shorts under $1916 might be a good idea.
What are your thoughts on our scenario?
Happy to discuss!
Nota
Prices above $1987 are not welcome! We still need to break the support at $1916 to continue the journey. In case the bears won't make it and price is pushed back up above $1987, chances of our alternative scenario increase.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.