Yesterday gold has seen making a significant move of bearish momentum. Close to 500pips drop from ATH.
3 scenarios that gold can do.
1.Sideways on the current support and resistance of 3100-3135 as seen in blue.
2. breaking above 3135 testing the current ATH ceiling and breaking it as HTF is still bullish.
3. breaking below 3100 heading to the fbo H4 3082-84 & daily breakout of 3049-57
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.
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.