Gold is hinting at strong bearish sentiment and will fall soon. What's next?
Price forms an ABCD set below the 1862-1868 liquidity zone near the 1856 support level. Price is pushing against support and a consolidation is forming for a breakout of the price level. Price recently broke out of a bearish flag, thereby activating a scenario for selling.
If the price breaks through the 1856 level, gold will have a downside potential to the support level of 1823.
I assume that the price can break through the 1856 level and consolidate under it in the nearest future. After that, I will be waiting for the futures to weaken and the 1840 and 1825 targets.
Regards to R. Linda!
Price forms an ABCD set below the 1862-1868 liquidity zone near the 1856 support level. Price is pushing against support and a consolidation is forming for a breakout of the price level. Price recently broke out of a bearish flag, thereby activating a scenario for selling.
If the price breaks through the 1856 level, gold will have a downside potential to the support level of 1823.
I assume that the price can break through the 1856 level and consolidate under it in the nearest future. After that, I will be waiting for the futures to weaken and the 1840 and 1825 targets.
Regards to R. Linda!
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🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
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.