Technical analysis of gold:
2-day timeframe
Gold is in an upward channel on the 2-day timeframe and is currently moving within that channel. Having reached the channel's ceiling, considering the previous reaction to the ceiling and a 12% decline, we expect a repetition of this trend.
If it intends to complete the downward trend,
Our target in the long term will be within the range of 2041 - 2070.
2-day timeframe
Gold is in an upward channel on the 2-day timeframe and is currently moving within that channel. Having reached the channel's ceiling, considering the previous reaction to the ceiling and a 12% decline, we expect a repetition of this trend.
If it intends to complete the downward trend,
Our target in the long term will be within the range of 2041 - 2070.
Note
Note
✨ Two important price ranges for gold that may signal a downward trend:2305 - 2310
2325 - 2330
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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.
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.