gold mid-term outlook bears will target 1785 usd
Updated
🔸Hello traders, today let's review 2daily price chart for gold. Heavy rejection
from strong overhead resistance near 2075, sliding S/R contained the bull run
once again.
🔸2015/2020 usd weak horizontal S/R price level, once bears take it out
expecting strong sell side pressure to accelerate, targeting 1950 and 1900 usd.
🔸While the gold price chart looks strong in hindsight, the V-shape recovery
already completed near 2075 usd and therefore and further upside is very
limited, pullback/correction required before we can resume the uptrend.
🔸Recommended strategy position traders: BEARS should wait for weak S/R
breakdown near 2015/2020 usd, and short sell initial target is 1900/1950 usd.
final TP bears is 1785 usd, however keep in mind this is a swing trade setup,
so naturally more time required to hit final TP. good luck!
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
from strong overhead resistance near 2075, sliding S/R contained the bull run
once again.
🔸2015/2020 usd weak horizontal S/R price level, once bears take it out
expecting strong sell side pressure to accelerate, targeting 1950 and 1900 usd.
🔸While the gold price chart looks strong in hindsight, the V-shape recovery
already completed near 2075 usd and therefore and further upside is very
limited, pullback/correction required before we can resume the uptrend.
🔸Recommended strategy position traders: BEARS should wait for weak S/R
breakdown near 2015/2020 usd, and short sell initial target is 1900/1950 usd.
final TP bears is 1785 usd, however keep in mind this is a swing trade setup,
so naturally more time required to hit final TP. good luck!
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Note
expecting breakdown soonNote
USOIL daily best level to buy/hold 24% upside
Note
gold market short-term update bears maintain control
Trade active
breakdown in progressNote
GOLD dump fractal 2024/2023/2022 TP 1800 USD
💎all my links on one page
taplink.cc/prsyndicate
🔥primary telegram channel
t.me/thesyndicate001
🚀75%+ win rate free gold signals
t.me/syndicategold001
🏧MT4 Forex EA/bot 5%/day AI algo trading
breakoutedge.cc/
taplink.cc/prsyndicate
🔥primary telegram channel
t.me/thesyndicate001
🚀75%+ win rate free gold signals
t.me/syndicategold001
🏧MT4 Forex EA/bot 5%/day AI algo trading
breakoutedge.cc/
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.