GOLD → False support breakdown. A rise to 2000?
Actualizado
Gold forms an interesting set-up. A false break of the key channel support puts the price back in an uptrend. What to expect from the price?
Earlier the price did very well at the Fibo level at 0.382, and this time it made a false-break-down of 0.236 and a strong reaction to the weak support, which tells us about the whole situation. It looks like gold is not going to fall.
The price returns to the channel and forms a consolidation above the support, which is a good signal for long positions.
With this maneuver the price opens a good bullish potential.
Support levels: 1980, 1975 and 1965
Resistance levels are 1985, 2000 and 2010
A consolidation above the level could be a good signal
In the near future, price may be headed for a retest of resistance 2000. Another test and the level may fail, in which case we may see bullish momentum. Short-term target is 2010, medium-term target is resistance 2050
Regards to R. Linda!
Earlier the price did very well at the Fibo level at 0.382, and this time it made a false-break-down of 0.236 and a strong reaction to the weak support, which tells us about the whole situation. It looks like gold is not going to fall.
The price returns to the channel and forms a consolidation above the support, which is a good signal for long positions.
With this maneuver the price opens a good bullish potential.
Support levels: 1980, 1975 and 1965
Resistance levels are 1985, 2000 and 2010
A consolidation above the level could be a good signal
In the near future, price may be headed for a retest of resistance 2000. Another test and the level may fail, in which case we may see bullish momentum. Short-term target is 2010, medium-term target is resistance 2050
Regards to R. Linda!
Operación activa
Nota
GOLD tests $2025Operación activa
Operación activa
🌹TRADING is a CASINO💔!?
NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel:
t.me/RLindaTrade
🔴Contact:
t.me/RLindaSignals
🧿Web: rlinda.com
NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel:
t.me/RLindaTrade
🔴Contact:
t.me/RLindaSignals
🧿Web: rlinda.com
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.