Gold, a new bullish scenario appears
GOLD is currently evolving in an ascending channel (DS1 – DR1). The channel support seems to be very strong (5 hits without break).
Since end Jan and since the hit of the 1360$, a new minor descending channel (DR2-DS3) can be observed. Price is now arrived to the cross between DS1 and DR2.
From there, 2 hypothesis are possible:
H1: rebound on DS1, break of DR2 and bullish impulse to WR1 (major weekly resistance of 1380$).
H2: Break of DS1, bearish continuation until WS1 (major weekly support) before a rebound.
H1 is the preferred scenario with a probability of occurance of 74%.
Since end Jan and since the hit of the 1360$, a new minor descending channel (DR2-DS3) can be observed. Price is now arrived to the cross between DS1 and DR2.
From there, 2 hypothesis are possible:
H1: rebound on DS1, break of DR2 and bullish impulse to WR1 (major weekly resistance of 1380$).
H2: Break of DS1, bearish continuation until WS1 (major weekly support) before a rebound.
H1 is the preferred scenario with a probability of occurance of 74%.
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.