Gold - Intraday - We look to Sell at 1789.2 (stop at 1806.2)
We look for losses to be extended today.
Prices are extending lower from the bearish flag/pennant formation.
A break of yesterdays low would confirm bearish momentum.
Trend line resistance is located at 1790.
Our outlook is bearish.
There is no indication that the selloff is coming to an end.
Our profit targets will be 1737.4 and 1712.6
Resistance: 1780.0 / 1790.0 / 1800.0
Support: 1770.0 / 1740.0 / 1720.0
We look for losses to be extended today.
Prices are extending lower from the bearish flag/pennant formation.
A break of yesterdays low would confirm bearish momentum.
Trend line resistance is located at 1790.
Our outlook is bearish.
There is no indication that the selloff is coming to an end.
Our profit targets will be 1737.4 and 1712.6
Resistance: 1780.0 / 1790.0 / 1800.0
Support: 1770.0 / 1740.0 / 1720.0
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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.