I have drawn key resistance levels from july's high of $302.16 to september's high of $302.63 (GOLD 1Day). I have marked the low or what would be the bottom of the down trend in july and where it currently sits as a low of septembers high (Gold 1Day). The Red diagonal Lines signify major down trend from july and what appears to be a possible repeat in October (red 1 day) (See previous analysis from last week). the green horizontal lines represent what i have seen as 2 key areas with major support (green 1 hour) red horizontal line appears to be an area of major confusion, having multiple gaps and rejections as represented by circle with red filling... HEAVY RESISTANCE IF AREA IS REACHED!!!! (reds 1 hour) circle with green filling is areas of major support and consistant. (MY TARGET AREA!!!)
also looks to currently form a bearish pennant
also looks to currently form a bearish pennant
Nota
well i don't have to say nothing about the price action.. you see it
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.