The gold market still consolidating preparing for a capitulation to the downside on the monthly time frame, however on the short term if it breaks through the 1667 level then there is an extremely high probability to see a rally towards 1806 and start consolidating there so take care of that false break up to the downtrend if it happens, a decline from 1806 and/or consolidation in that area will trigger the down wave towards 1717 which is the main target for bears on short term ..
if there is no breakthrough at the 1667 level then will not see a rally and the price will decline directly towards the 1717 target ..
if there is no breakthrough at the 1667 level then will not see a rally and the price will decline directly towards the 1717 target ..
Order cancelled
expecting a rally to the upside from today targets are 1850 and 1870 ..Trade active
clear rejection from 1806.60,, sell sell sell .. first target is 1717 as shown in the analysis, and furthermore, pressures to the downside is expected and more likely to go beyond 1717 so try to ride it safely until capitulation, best of luckTrade closed manually
close or secure your sell positions now, Fed interest rate today and there is a probability we go back to bullishness ..
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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.