GOLD Gold price is seen consolidating its recent downfall to over a three-month low. A hawkish outlook by major central banks acts as a headwind for the commodity. The US Dollar preserves the overnight recovery gains and contributes to cap.The 4-hour chart reflects sellers' strength. Technical indicators present firmly bearish slopes near oversold readings, anticipating a near-term bearish extension. At the same time, GOLD stands well below a bearish 20 SMA, which accelerated its slide below the longer ones.
I predict gold will continue to fall and then to the 1903-1908 price range gold will bounce back, and we will have a buy
GOLD entry point at this price range, my expectation when gold rises is around 1925Stop loss zone around 50pip for each signal you trade. Together we will win the market. Try your best!
Trade active
everything goes according to my plan, I'm happy about itTrade closed: target reached
everything goes right i hope everyone make a lot of money
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.