GOLD Can Slide Down
#trading_idea #Gold 💡
👑#Gold- Outlook
On the 4-hour chart, gold has been trading in a sideways trend for two weeks. The price is testing an important level at 2500. The Bulls & Bears indicator indicates the strength of the bears at the moment while the MACD has moved into negative territory.
🔽If the price break down 2500 key level the slide to support 2486 is possible.
🔼Alternatively, the price may rise to retest the resistance 2510.
🔴 Click "👍" if you think the price will rise and "👎" if you think it will fall.
➡️GET $20,000 JUST FOR $99
👑#Gold- Outlook
On the 4-hour chart, gold has been trading in a sideways trend for two weeks. The price is testing an important level at 2500. The Bulls & Bears indicator indicates the strength of the bears at the moment while the MACD has moved into negative territory.
🔽If the price break down 2500 key level the slide to support 2486 is possible.
🔼Alternatively, the price may rise to retest the resistance 2510.
🔴 Click "👍" if you think the price will rise and "👎" if you think it will fall.
➡️GET $20,000 JUST FOR $99
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.