There is a double top pattern in daily time frame and currently the market price is below the neckline.
If the Daily candle closes below the neckline expect a BEARS in gold.
The gold can bounce from the support of ascending trend line/support and go for the impulse from there
If the Daily candle closes below the neckline expect a BEARS in gold.
The gold can bounce from the support of ascending trend line/support and go for the impulse from there
Trade active
Daily time frame DT neckline has broke.
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.
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.