gold will fall
https://www.tradingview.com/x/D9VNLDGb/
Hello everyone. You can also look at gold’s daily chart. There is also a top divergence structure on the gold daily chart that corresponds exactly with the US dollar. Moreover, the golden MACD here has a hard-coded structure and its shape has taken shape. Therefore, the probability of gold falling here is very high. You must not chase the long side of gold here. My suggestion is to enter the market and go short in the 2018-2020 range. The first target below should be 2000-2005. If gold prices can fall below the 2,000 mark, the bottom may go directly to 1985-80 for support.
Hello everyone. You can also look at gold’s daily chart. There is also a top divergence structure on the gold daily chart that corresponds exactly with the US dollar. Moreover, the golden MACD here has a hard-coded structure and its shape has taken shape. Therefore, the probability of gold falling here is very high. You must not chase the long side of gold here. My suggestion is to enter the market and go short in the 2018-2020 range. The first target below should be 2000-2005. If gold prices can fall below the 2,000 mark, the bottom may go directly to 1985-80 for support.
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.