How is gold traded today?
Updated
Hello, Karina's amazing friends!
Today, gold continues its downward trend with prices dropping from 2006 to 1993 USD and this trend has persisted until now.
On today's analysis chart, it can be observed that gold is facing an immediate resistance at 1994 USD and is forming a double top pattern, as indicated by the marked candlestick pattern. This is a bearish pattern, suggesting that gold will continue to decline towards the support level at 1975 USD. On the other hand, any meaningful recovery of gold will also have to overcome the resistance level at 2008 USD.
From a personal perspective, Karina still believes in the downward movement of gold prices. What about you?
Today, gold continues its downward trend with prices dropping from 2006 to 1993 USD and this trend has persisted until now.
On today's analysis chart, it can be observed that gold is facing an immediate resistance at 1994 USD and is forming a double top pattern, as indicated by the marked candlestick pattern. This is a bearish pattern, suggesting that gold will continue to decline towards the support level at 1975 USD. On the other hand, any meaningful recovery of gold will also have to overcome the resistance level at 2008 USD.
From a personal perspective, Karina still believes in the downward movement of gold prices. What about you?
Trade active
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.