Based on my technical analysis, gold has reached an all-time high with a current price of $2,469 USD. Indicators on the daily chart suggest that gold is currently overbought, and a retracement is likely. Historically, gold tends to drop after forming a new high, and it is now forming its third consecutive peak in this pattern.
Considering this, I predict a bearish movement of approximately 350 pips, bringing the price down to around $2,445 USD before potentially resuming its upward trend. This prediction is supported by past price behavior and overbought conditions observed in the market.
It is crucial to use stop-loss orders and follow risk management practices to mitigate potential losses during this anticipated retracement.
Considering this, I predict a bearish movement of approximately 350 pips, bringing the price down to around $2,445 USD before potentially resuming its upward trend. This prediction is supported by past price behavior and overbought conditions observed in the market.
It is crucial to use stop-loss orders and follow risk management practices to mitigate potential losses during this anticipated retracement.
İşlem kapandı: hedefe ulaştı
TP 1 hittedyou can shift sl at entry point
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.