Gold may soon find its support within the descending channel, but overall trend is bearish (from 2011).
This is an update of my previous idea (see the link below).
Do not take it as a signal for opening your trading position immediately. Make your own analysis and hold your trading strategy, please.
This is an update of my previous idea (see the link below).
Do not take it as a signal for opening your trading position immediately. Make your own analysis and hold your trading strategy, please.
Nota
Gold reached it´s 200 MA @ 1243 on weekly chart and is taking a rest now.Nota
After second hit of 200 MA the Doji-like candle appears in an overbought area. We saw opposite candlestick pattern several weeks ago, when the trend has changed from it´s huge decline. The trend may thus reverse. Price is still above 1217-1220 level, which I am considering as an important area for further upside/downside movements. The next 1 or 2 weeks might be very important. Take care.Nota
Gold is now testing the upper trendline.Nota
Trendline stopped the uptrend.Nota
Gold weekly view update.
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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.