Gold Spot / U.S. DollarUpdated Dual status in the gold trend
Considering the one-day stagnation in the price of gold after an upward week, the possibility of a deeper price correction seems likely.
If the one-hour candle does not close above the level of 2038-2041 dollars, I consider it probable that the decrease will continue to the specified ranges.
If the price makes an hourly close above 2041, growth to the level of 2055-2056 dollars should be considered.
If the one-hour candle does not close above the level of 2038-2041 dollars, I consider it probable that the decrease will continue to the specified ranges.
If the price makes an hourly close above 2041, growth to the level of 2055-2056 dollars should be considered.
Note
Change to bearish scenario
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.
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.