We have see heavy selling pressure on Gold on every top, making it difficult for traders to hold onto longer term contracts. The right shoulder measuring 0.54% as per left shoulder had completed the H&S pattern precisely drawing a top of $1294 (also 50% Fib) , Above which was a target of $1310 and higher.
From what we see is a consolidation until 22nd June, Gold still has support above $1250 and $1275 where long positions should be initiated. We would watch Price action to reach near term $1250 to $1275 handle to observe carefully how price action behaves within the area
From what we see is a consolidation until 22nd June, Gold still has support above $1250 and $1275 where long positions should be initiated. We would watch Price action to reach near term $1250 to $1275 handle to observe carefully how price action behaves within the area
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.