Gold Price Forecast: Bearish Optimism
Hello there,
Gold is trading on sentiment and needs to break the trend line shown as X-Y. Once the trend line breaks and momentum is confirmed, the price will have a targeted bias area of 2440.
There is bullish pressure present, but it is misleading because bulls will need to break above 2675.53 for clarity.
Overall, the trend is bearish with the potential for high spikes.
Happy Trading,
K.
Not trading advice.
Gold is trading on sentiment and needs to break the trend line shown as X-Y. Once the trend line breaks and momentum is confirmed, the price will have a targeted bias area of 2440.
There is bullish pressure present, but it is misleading because bulls will need to break above 2675.53 for clarity.
Overall, the trend is bearish with the potential for high spikes.
Happy Trading,
K.
Not trading advice.
Trade active
Bear-neutral? Interesting how it will play out? The sentiment is still bearish.
High-risk.
Order cancelled
No movement, dull, just sentiment, no volatility, no meaningful volume-delta. Boring.
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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.
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.