Gold is following a downward trend line in the 4-hour time frame and has formed a short-term ascending channel!
Gold is currently at a very important resistance zone of 2035 - 2039. Here we have two possibilities:
1. Gold may fail to break above this resistance and continue its downward movement from this area.
2. Gold might break above this resistance with today's news and move towards 2044 - 2047, meaning the top of the descending channel, and then, with tomorrow's news, continue to hit a downward trend from this area or an even more significant resistance of 2055 - 2058.
Pay attention to the news! News events shape all trends! 📈
Gold is currently at a very important resistance zone of 2035 - 2039. Here we have two possibilities:
1. Gold may fail to break above this resistance and continue its downward movement from this area.
2. Gold might break above this resistance with today's news and move towards 2044 - 2047, meaning the top of the descending channel, and then, with tomorrow's news, continue to hit a downward trend from this area or an even more significant resistance of 2055 - 2058.
Pay attention to the news! News events shape all trends! 📈
Note
Very beautifully, it has executed a downward movement from the resistance range of 2035 - 2039 😉💸.Note
Am I the gold mafia? LOL 😄Note
Save some profit in 2028 and 2024
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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.