I see big 2 weeks long channel and we are again near top channel what is now 2510 (later will be 2520 due ascending channel) + rsi divergence .... so this analyse show down to 2480-70 bottom channel + support from previous resistances.
That down is primary move and target, what will come after will see.
If gold want go down from this top to 2470-80 and no break (as its really strong area), gold will go up to 2550.
Or if it break from this 2470, another targets are 2445 , 2425 , 2395-2405, 2365 ... its huge down and no idea if its possible go there, but channels have own targets what i wrote. This week will be interesting if market decide go down ... but again lets see market open and what will want asia.
If gold monday go above this channel (gap or simple strong uptrend still), channel not valid. But I hope we will see some pullback to my target 2470-80 as lot of sellers in panic and problems. Good luck
That down is primary move and target, what will come after will see.
If gold want go down from this top to 2470-80 and no break (as its really strong area), gold will go up to 2550.
Or if it break from this 2470, another targets are 2445 , 2425 , 2395-2405, 2365 ... its huge down and no idea if its possible go there, but channels have own targets what i wrote. This week will be interesting if market decide go down ... but again lets see market open and what will want asia.
If gold monday go above this channel (gap or simple strong uptrend still), channel not valid. But I hope we will see some pullback to my target 2470-80 as lot of sellers in panic and problems. Good luck
Trade active
140 pips already profit, goin well ... waiting for 2480-70
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Pro trader analysis, signals, alerts for crypto, stock, forex. Join to discord discord.gg/8yJWQN356W
✅ Free Signals 📈📉
✅ Own charts and analysis 💰
✅ Market overview.
Discord discord.gg/8yJWQN356W
✅ Free Signals 📈📉
✅ Own charts and analysis 💰
✅ Market overview.
Discord discord.gg/8yJWQN356W
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.