We witnessed 2 significant bearish breakouts on 📉Gold on intraday/daily chart
Initially, the price broke through a crucial daily horizontal support level. Additionally, the market closed below a significant upward trend line.
The violation of the horizontal and vertical structures now form a widening supply zone.
It is recommended to consider shorting from this area, with the anticipation of a continued bearish trend towards 2720.
Initially, the price broke through a crucial daily horizontal support level. Additionally, the market closed below a significant upward trend line.
The violation of the horizontal and vertical structures now form a widening supply zone.
It is recommended to consider shorting from this area, with the anticipation of a continued bearish trend towards 2720.
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Join our Telegram channel for daily market update 👇👇
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.