THIS IS NOT A SIGNAL OR FINANCIAL ADVICE.
Based on what I'm seeing, Gold has struggled to get past 1769 since the last big bullish candle that formed this past week from 1722.
And now I see a double top on a daily timeframe. Price could go down to 1722 or even 1700 (short tem) before we see a strong bullish reaction.
Otherwise, if the price goes above 1780 or ideally 1800, then we might see some bulls come in and target 1830.
Based on what I'm seeing, Gold has struggled to get past 1769 since the last big bullish candle that formed this past week from 1722.
And now I see a double top on a daily timeframe. Price could go down to 1722 or even 1700 (short tem) before we see a strong bullish reaction.
Otherwise, if the price goes above 1780 or ideally 1800, then we might see some bulls come in and target 1830.
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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.