GOLD forms a false breakout of the strong support trendline, which is the lower boundary of the global price channel.

The global trend is bearish, but the price is in the risk zone in the global perspective and by this false breakdown the price has tested an important liquidity zone.

On the second chart, if you look closely, you can see the formation of the left shoulder and the head, the price returns to the retest of resistance 1679, from which may begin to form the right shoulder of the global reversal pattern.
I assume that in the medium term a reversal pattern may form and reverse the market to some extent, but in the short term I expect a pullback of the price from resistance 1679.
Regards R. Linda!
The global trend is bearish, but the price is in the risk zone in the global perspective and by this false breakdown the price has tested an important liquidity zone.
On the second chart, if you look closely, you can see the formation of the left shoulder and the head, the price returns to the retest of resistance 1679, from which may begin to form the right shoulder of the global reversal pattern.
I assume that in the medium term a reversal pattern may form and reverse the market to some extent, but in the short term I expect a pullback of the price from resistance 1679.
Regards R. Linda!
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NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
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🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
Penerbitan berkaitan
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.