Moving up or down?
Hi everyone
Gold reached a point where it had reacted strongly in recent times and failed to cross this resistance level in 1797. But this time the situation is different. The formation of candles with long shadows at the support level of 1770 and the speed of price return, as well as the reduction of the time interval between the formation of two price peaks can be factors in the signal of gold crossing from 1797 and moving towards prices of 1805, 1816, 1826 and 1850.
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⚠️ 1. We publish this trading idea to help analysts, so if you have an idea that you think is right, do not be influenced by this idea.
⚠️ 2. All our analysis and signals are provided free of charge, so we have no obligation to make any profit or loss on our signals and analysis.
⚠️ 3. If you have an idea, write to us in the comments section, we will be happy to use your idea in our analysis.
Gold reached a point where it had reacted strongly in recent times and failed to cross this resistance level in 1797. But this time the situation is different. The formation of candles with long shadows at the support level of 1770 and the speed of price return, as well as the reduction of the time interval between the formation of two price peaks can be factors in the signal of gold crossing from 1797 and moving towards prices of 1805, 1816, 1826 and 1850.
📣 Attention 📣
⚠️ 1. We publish this trading idea to help analysts, so if you have an idea that you think is right, do not be influenced by this idea.
⚠️ 2. All our analysis and signals are provided free of charge, so we have no obligation to make any profit or loss on our signals and analysis.
⚠️ 3. If you have an idea, write to us in the comments section, we will be happy to use your idea in our analysis.
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