is gold repeating its formation in its uptrend ?
is gold repeating its formation in its uptrend ?
dating back from august we can see that gold likes to hold this formation in the channel that after a break out of trend line, gold will hold its price for a couple of days and have fake out of rise before dropping to the bottom of its channel..
with the week packed with news events and the upcoming elections, my analysis is that gold holds it range of 2745-2760 before we see bearish momentum to the downside.
if you are struggling trading this metal there is free advice on my profile.
happy trading
dating back from august we can see that gold likes to hold this formation in the channel that after a break out of trend line, gold will hold its price for a couple of days and have fake out of rise before dropping to the bottom of its channel..
with the week packed with news events and the upcoming elections, my analysis is that gold holds it range of 2745-2760 before we see bearish momentum to the downside.
if you are struggling trading this metal there is free advice on my profile.
happy trading
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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.