Gold - Weekly Outlook
Buying Dips in front of $2,016 (stop at $1,966)
Continued buying pressure resulted in Gold breaking the previous high of 2075 and trading to a record 2145. Strong selling pressure resulted in all the initial daily gains being overturned while posting a bearish Outside Candle on the daily chart. Although this formation will often highlight the top of a trend and the start of a new downward bias, we look for the initial dip to find buyers. Expect volatile trading. Th long-term outlook is still bullish.
Our profit target is $2,120 and $2,130
Resistance: 2076 / 2120 / 2130
Support: 2016 / 1977 / 1932
Buying Dips in front of $2,016 (stop at $1,966)
Continued buying pressure resulted in Gold breaking the previous high of 2075 and trading to a record 2145. Strong selling pressure resulted in all the initial daily gains being overturned while posting a bearish Outside Candle on the daily chart. Although this formation will often highlight the top of a trend and the start of a new downward bias, we look for the initial dip to find buyers. Expect volatile trading. Th long-term outlook is still bullish.
Our profit target is $2,120 and $2,130
Resistance: 2076 / 2120 / 2130
Support: 2016 / 1977 / 1932
Not
Gold has traded to $2016
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.