GOLD sell confirmation
Very clearly on the Weekly time frame, the Gold price is already below the cloud Ichimoku Kinko Hyo (Red), below the Supply Zone and this all indicates a strong decline, coupled with the RSI indicator which shows a decline as well. And my estimate Gold will continue to decline in the medium to long term.
Nota
Also applies to the Daily time frame, the price position is almost below the Supply Zone, below the Ichimoku Kinko Hyo cloud (although it is still green and not red), and below the Moving Average line (blue).
Dagangan aktif
And finally, the profit target that I estimate is reached at 1450 – 1460 using the Fibonacci Extension tool.
Note: Please keep in mind that no one guarantees the analysis will be 100% as expected. It all comes back to your own analysis, money management and risk management.
Good luck with your trading...!!!
Dagangan aktif
My analysis on a lower time frame (H1), the Wyckoff Distribution process has already occurred, just waiting for it to go down again.
Dagangan ditutup secara manual
The analysis is no longer valid.
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.