Gold - Intraday - We look to Sell a break of 1823.8 (stop at 1834.1)
Price action has formed a bearish ending wedge formation.
We are trading close to the end of an ascending Ending Wedge Formation.
Daily signals are mildly bearish.
A break of 1825 is needed to confirm follow through negative momentum.
Short term MACD is moving lower.
Our profit targets will be 1789.3 and 1778.5
Resistance: 1840.0 / 1850.0 / 1870.0
Support: 1825.0 / 1815.0 / 1800.0
Price action has formed a bearish ending wedge formation.
We are trading close to the end of an ascending Ending Wedge Formation.
Daily signals are mildly bearish.
A break of 1825 is needed to confirm follow through negative momentum.
Short term MACD is moving lower.
Our profit targets will be 1789.3 and 1778.5
Resistance: 1840.0 / 1850.0 / 1870.0
Support: 1825.0 / 1815.0 / 1800.0
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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.