🥇GOLD - Retest of resistance gives a sell signal
Gold is testing a new low and updating the low. Price is forming a bounce and testing trend resistance, but more likely another decline may be formed which will further weaken the price.
TA on the high timeframe:
1) We should consider 1902.87 as a medium-term target
2) Yesterday's daily candle formed a strong enough signal to fall - a shakeout was formed (a candle with a long shadow). The market sold off everything it bought and closed the session at the very low.
TA on the low timeframe:
1) The market bought back the decline a bit and tested bearish trend resistance.
2) If price does not break trend resistance on the retest, the decline will continue
3) A sell signal is forming now, it is important to wait for the confirmation of the signal
Key resistance📈: 1919.7
Key support📉: 1914
TA on the high timeframe:
1) We should consider 1902.87 as a medium-term target
2) Yesterday's daily candle formed a strong enough signal to fall - a shakeout was formed (a candle with a long shadow). The market sold off everything it bought and closed the session at the very low.
TA on the low timeframe:
1) The market bought back the decline a bit and tested bearish trend resistance.
2) If price does not break trend resistance on the retest, the decline will continue
3) A sell signal is forming now, it is important to wait for the confirmation of the signal
Key resistance📈: 1919.7
Key support📉: 1914
❤️ Telegram channel: t.me/AndeWave
İlgili yayınlar
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.