DAILY :
Currently attempting to recover above the clouds in a consolidation mode.
Indeed, as long as Gold stays and hold on a daily closing basis above $ 1'720,00 it should
still be seen as a consolidation phase in a broad sideways triangle price action.
In order to neutralise the downside risk, Gold should break and hold sustainably above the $ 1'840.00 area
and this on a daily closing basis.
Such kind of price action would then open the door for a retest of the former high at around $ 1'920 ahead of $ 1'960 and higher
4 HOURS (H4)
Currently above the clouds but still below the "cluster" !
Clouds support very thin = very fragile in case of heavy selling pressure.
Looks like, for the time being, a sideways consolidation price action.
Watch carefully upcoming price action as a failure to hold and stay above the clouds would directly put the focus to the former lows $1'740-$1'730
Ironman8848
Currently attempting to recover above the clouds in a consolidation mode.
Indeed, as long as Gold stays and hold on a daily closing basis above $ 1'720,00 it should
still be seen as a consolidation phase in a broad sideways triangle price action.
In order to neutralise the downside risk, Gold should break and hold sustainably above the $ 1'840.00 area
and this on a daily closing basis.
Such kind of price action would then open the door for a retest of the former high at around $ 1'920 ahead of $ 1'960 and higher
4 HOURS (H4)
Currently above the clouds but still below the "cluster" !
Clouds support very thin = very fragile in case of heavy selling pressure.
Looks like, for the time being, a sideways consolidation price action.
Watch carefully upcoming price action as a failure to hold and stay above the clouds would directly put the focus to the former lows $1'740-$1'730
Ironman8848
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.