GOLD - Correction Downwards is Possible
#trading_idea #Gold 💡
👑#Gold- Correction Downwards is Possible
Despite the uptrend, gold might be over-positioned to the long side, and we could see sell-offs and some profit-taking. On the 30-minute chart, there are six consecutive green candles. The RSI is in the overbought zone. A downward correction is possible before the uptrend continues.
🔼A rise towards resistance 2530 with possible false break.
🔽Alternatively, the price may slide back towards 2517 and 2509 resistance zone.
🔴 Click ""👍" if you think it will rise and👎" if you think the price will rise . Don't forget to send us ❤️if like our ideas.
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👑#Gold- Correction Downwards is Possible
Despite the uptrend, gold might be over-positioned to the long side, and we could see sell-offs and some profit-taking. On the 30-minute chart, there are six consecutive green candles. The RSI is in the overbought zone. A downward correction is possible before the uptrend continues.
🔼A rise towards resistance 2530 with possible false break.
🔽Alternatively, the price may slide back towards 2517 and 2509 resistance zone.
🔴 Click ""👍" if you think it will rise and👎" if you think the price will rise . Don't forget to send us ❤️if like our ideas.
➡️GET $20,000 JUST FOR $99
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