Gold Slide Down is Possible
#trading_idea #Gold 💡
👑#Gold- Slide Down
A descending triangle has formed on the 4-hour chart. Despite a minor bullish trend, a downward correction is possible if the support at 2508 does not hold.
🔽We might see a correction downwards to support the 2498 key level.
🔼Alternatively, the price may rebound from 2508 and rise towards resistance zone 2517 - 2530.
🔴 Click "👍" if you think the price will rise and "👎" if you think it will fall.
👑#Gold- Slide Down
A descending triangle has formed on the 4-hour chart. Despite a minor bullish trend, a downward correction is possible if the support at 2508 does not hold.
🔽We might see a correction downwards to support the 2498 key level.
🔼Alternatively, the price may rebound from 2508 and rise towards resistance zone 2517 - 2530.
🔴 Click "👍" if you think the price will rise and "👎" if you think it will fall.
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