Gold Xauusd
GOLD
The market tested resistance and dropped by forming double top then it retraced to the resistance zone at 1960. The price bounced off this zone couple of times before. The market might go down to retest the support level. The price has been rejecting the resistance zone by forming a long tailed bars; sign of losing momentum. My goal is the support level around 1945.
The market tested resistance and dropped by forming double top then it retraced to the resistance zone at 1960. The price bounced off this zone couple of times before. The market might go down to retest the support level. The price has been rejecting the resistance zone by forming a long tailed bars; sign of losing momentum. My goal is the support level around 1945.
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.