Gold took a solid drop today of almost $30 giving up the $30 swing to the upside we saw Friday October 9th
Gold couldn't break the resistance level of $1930 and after slow trading Monday took a solid dive today
I think gold will travel back to $1910 before falling even lower
4H Bearish channel still in play but potential upward channel being formed
Looking for short term long moves until $1908-$1915 before continuing to short
Gold couldn't break the resistance level of $1930 and after slow trading Monday took a solid dive today
I think gold will travel back to $1910 before falling even lower
4H Bearish channel still in play but potential upward channel being formed
Looking for short term long moves until $1908-$1915 before continuing to short
Note
Price bounced off the 1910-1911 area - potential to pop to 1915-1920Potential back down towards 1885 after
Note
Still within the upward channel, price has not dropped lower than previous low yet so upward short term long still in play
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.