Gold forms a false breakdown of resistance 1928 (upper range boundary). The "three tops" pattern sends the price down, thereby forming a sell set-up
The trend is still bullish and therefore sales should be treated very carefully. The Three Tops pattern is a strong pattern that could be the beginning of a corrective movement. The key zone to which the price can descend is the liquidity zone 1912. From this level the price may again start its strengthening along the trend.
I expect at the moment the fall of the price to the area of 1912 and with a smaller chance to 1897, but in the medium term there is a chance for growth to 1940 and to 1952.
Regards R. Linda!
The trend is still bullish and therefore sales should be treated very carefully. The Three Tops pattern is a strong pattern that could be the beginning of a corrective movement. The key zone to which the price can descend is the liquidity zone 1912. From this level the price may again start its strengthening along the trend.
I expect at the moment the fall of the price to the area of 1912 and with a smaller chance to 1897, but in the medium term there is a chance for growth to 1940 and to 1952.
Regards R. Linda!
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🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
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.