🥇 GOLD The price is in the green zone. We wait for the signal
Gold moves up out of range. The global trend remains with the bulls, now the task of the buyers is to keep the price above the key line.
TA on the high timeframe:
1) The global trend continues
2) The price starts to buy out the local decline a bit. A bullish consolidation is forming (maybe)
3) The price makes a false break-through of MA-100 and the market may have a bullish reaction.
TA on a low timeframe:
1) Breaking downward resistance opens up upward potential
2) The price makes a retest of the previously broken line. A false-break and the price consolidation above the level will create a bullish potential
3) Another breakout attempt might be successful and we might see an increase by 2020
Key support: descending line
Key resistance: 2000 and 2020
TA on the high timeframe:
1) The global trend continues
2) The price starts to buy out the local decline a bit. A bullish consolidation is forming (maybe)
3) The price makes a false break-through of MA-100 and the market may have a bullish reaction.
TA on a low timeframe:
1) Breaking downward resistance opens up upward potential
2) The price makes a retest of the previously broken line. A false-break and the price consolidation above the level will create a bullish potential
3) Another breakout attempt might be successful and we might see an increase by 2020
Key support: descending line
Key resistance: 2000 and 2020
All about GOLD🥇
Trading Tips💡
Secrets of🔑
Analysis📊
Forecasts🔔
FREE TELEGRAM:
🌹 Telegram channel: t.me/Go1dTech
😍 My contact: t.me/GoldTech
Trading Tips💡
Secrets of🔑
Analysis📊
Forecasts🔔
FREE TELEGRAM:
🌹 Telegram channel: t.me/Go1dTech
😍 My contact: t.me/GoldTech
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.