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GOLD - Withdrawing momentum and support level
Gold Spot / U.S. Dollar
Short
GOLD - Withdrawing momentum and support level
By TradeMagna
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Updated
Jul 27, 2021
3
Jul 26, 2021
Gold now stands in front of support level which would implies a very low price level if the market broke it with good momentum.
In case that market broke it successfully we would target the lower boxes respectively.
To be updated...
Jul 27, 2021
Note
According to the previous setup, GOLD should not exceed the descending trendline, otherwise we will target higher prices.
Take care traders, we will update the idea if gold penetrated the trendline
Trend Analysis
Wave Analysis
TradeMagna
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