Gold continues its downward trend by forming lower and lower lows and highs.
Currently, the price is at RESISTANCE, so when I see confirmation on lower intervals - the formation of new lows on H1 - I will take a position.
Breaking through RESISTANCE may indicate strength to reach the MAIN RESISTANCE.
Target of declines is: KIJUN MN1 (support) and MAIN SUPPORT.
Negating the scenario: Breakthrough of MAIN RESISTANCE.
Currently, the price is at RESISTANCE, so when I see confirmation on lower intervals - the formation of new lows on H1 - I will take a position.
Breaking through RESISTANCE may indicate strength to reach the MAIN RESISTANCE.
Target of declines is: KIJUN MN1 (support) and MAIN SUPPORT.
Negating the scenario: Breakthrough of MAIN RESISTANCE.
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JOIN:
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Go and check our YouTube!
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👉👉👉👉👉 discord.gg/PbPRA8Srvq 👈👈👈👈👈
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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.