RLinda ! GOLD-> A retest of the two-month low. What's next?
Gold is renewing its two-month low. The price has entered the risk zone and is forming a pullback, which is not yielding much. A retest of the 1818 area could trigger a strong downward momentum
Price is exiting a bearish triangle and testing a strong upward support line. In the moment, even trying to consolidate under the level, showing strong bearish sentiment.
Lower volatility and lack of bullish momentum tells us about the medium-term potential.
I expect a breakout of the support line and the 1818 area followed by a fall of the price to the 1800 area. The short-term target is 1810 and then 1800.
Regards to R. Linda!
Price is exiting a bearish triangle and testing a strong upward support line. In the moment, even trying to consolidate under the level, showing strong bearish sentiment.
Lower volatility and lack of bullish momentum tells us about the medium-term potential.
I expect a breakout of the support line and the 1818 area followed by a fall of the price to the 1800 area. The short-term target is 1810 and then 1800.
Regards to R. Linda!
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🌹TRADING is a CASINO💔!?
NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel:
t.me/RLindaTrade
🔴Contact:
t.me/RLindaSignals
NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel:
t.me/RLindaTrade
🔴Contact:
t.me/RLindaSignals
Related publications
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.