Gold falls through one support after another. found its local intraday support around 1915,
On Friday, the price broke through the ~1930 level and stayed below it for 4 hours.
I believe that further declines can be expected next week.
Sellers Next Target - 1919
if we consider a more global picture, I would consider, as one of the options, a cup and handle...
OANDA:XAUUSD
Gold falls through one support after another. found its local intraday support around 1915,
On Friday, the price broke through the ~1930 level and stayed below it for 4 hours.
I believe that further declines can be expected next week.
Sellers Next Target - 1919
if we consider a more global picture, I would consider, as one of the options, a cup...
since we are in a complete downtrend, and I am a fan of trend trading, I see no reason to open long positions, the euro breaks through support levels over and over again, going down lower and lower, I will enter from a rebound of the level by ~ 1.08. I expect a fall to the next strong level at 1.046. To confirm my position, I will also add a little fundamental: In...
