XAUUSD Gold downtrend
GOLD
The price perfectly fulfills my last idea. The price fell from main resistance zone and price hit the target.The market tested support and rolled back to accumulation zone/range zone. The market is testing resistance that was before. I think gold might go down again if price rolls back to recent resistance and trendline which is upper border of the descending channel that was rejected multiple times and the price show a losing bullish momentum. My goal is the support level at 1913.
The price perfectly fulfills my last idea. The price fell from main resistance zone and price hit the target.The market tested support and rolled back to accumulation zone/range zone. The market is testing resistance that was before. I think gold might go down again if price rolls back to recent resistance and trendline which is upper border of the descending channel that was rejected multiple times and the price show a losing bullish momentum. My goal is the support level at 1913.
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.