Daily chart
Gold
GOLD touched the support line S and rebounded in the last candlestick.
So, we need to wait for a confirmation by closing this day and tomorrow, either a successful hammer candlestick, or visiting the lower support levels - one by one!
At each shown support level, there will be 2 scenarios: Rebound up or Break down.
The technical indicators MACD and RSI are showing a bearing movement.
This is only a (Be careful signal)! The direction should be confirmed before opening a new position.
Gold
GOLD touched the support line S and rebounded in the last candlestick.So, we need to wait for a confirmation by closing this day and tomorrow, either a successful hammer candlestick, or visiting the lower support levels - one by one!
At each shown support level, there will be 2 scenarios: Rebound up or Break down.
The technical indicators MACD and RSI are showing a bearing movement.
This is only a (Be careful signal)! The direction should be confirmed before opening a new position.
Trade active
Correction is very active!
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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.