Gold from the opening session continues to decline and at the moment is testing the upper boundary of the descending channel. Most likely the price is aiming at 1935 for a retest.

I expect a pullback from the support level, since the accumulated liquidity may not allow breaking the support at the first time.
The downtrend resumes and the signal from MA-200 and MA-50 (their crossing) does not bring the result.
The fundamental background for gold is negative, strengthening of the dollar is not good for gold.
Most likely, a pullback might occur from 1935 to retest the resistance, but in the midterm a fall is expected.
MA-200 and MA-50 are currently a strong resistance.
Strong support: 1935, 1914.
Strong resistance: 1952
I expect a bounce after touching the support with further resumption of falling, breaking through 1935 and going down to 1914
Regards R.Linda!

I expect a pullback from the support level, since the accumulated liquidity may not allow breaking the support at the first time.
The downtrend resumes and the signal from MA-200 and MA-50 (their crossing) does not bring the result.
The fundamental background for gold is negative, strengthening of the dollar is not good for gold.
Most likely, a pullback might occur from 1935 to retest the resistance, but in the midterm a fall is expected.
MA-200 and MA-50 are currently a strong resistance.
Strong support: 1935, 1914.
Strong resistance: 1952
I expect a bounce after touching the support with further resumption of falling, breaking through 1935 and going down to 1914
Regards R.Linda!
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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.