GOLD extreme downpour
Updated
In last session trade moved back 1814 level. Gold is still in down trend channel and will be accumulation range as shown in our previous chart. Red zone will be support area if it breaks this then we will see continuous sell pressure which can take it to extreme bottom. In alternative scenario we can see gold will hit $2400 if potential support remains intact. Overall we achieved 1200+pips profit.
Note
We publish precise and compact information after careful consideration which give you quick glimpse for comparative analysis. Always do your own analysis before taking any trade. Our aim is to deliver simple and compact information which can be used by beginner to give them brief understanding of trades without any complexity. if you have any question or want to ask about analysis of other pairs or you have any confusion about analysis then feel free to ask us. Don't forget to support us by sharing our ideas and hit like and subscribe button. You can support us through coins donation for more frequent signals.
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.