Gold failed to push higher all because of a lack of momentum to the upside. So let's take a quick look at what the chart is telling us;
monthly is bearish,
weekly appears flat,
daily is bearish.
Also, a new structure formation shows that we have broken below the bottom trendline and currently we are retesting that trendline before continuing... *breathing**... lower. 🧐
Happy Trading folks!
Cheers!
monthly is bearish,
weekly appears flat,
daily is bearish.
Also, a new structure formation shows that we have broken below the bottom trendline and currently we are retesting that trendline before continuing... *breathing**... lower. 🧐
Happy Trading folks!
Cheers!
Trade closed: stop reached
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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.
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.