Gold has been consolidating at the bottom of a strong downtrend near $1200 per oz.
We will follow the trend until it ends! assuming a break lower. The risk to this outlook is the monthly rising trendline holds
Potential bearish scenarios
Scenario A) The inside day breaks to the downside, targeting 1160 low
Scenario B) Inside day makes a false break to the topside before turning lower
We will follow the trend until it ends! assuming a break lower. The risk to this outlook is the monthly rising trendline holds
Potential bearish scenarios
Scenario A) The inside day breaks to the downside, targeting 1160 low
Scenario B) Inside day makes a false break to the topside before turning lower
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Market Analyst for:
WeTrade
wetradebroker.com/education/analysis/jasper/
SpreadEx
spreadex.com/financials
tradingwriters.substack.com/
Market Analyst for:
WeTrade
wetradebroker.com/education/analysis/jasper/
SpreadEx
spreadex.com/financials
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.
Signup to my newsletter:
tradingwriters.substack.com/
Market Analyst for:
WeTrade
wetradebroker.com/education/analysis/jasper/
SpreadEx
spreadex.com/financials
tradingwriters.substack.com/
Market Analyst for:
WeTrade
wetradebroker.com/education/analysis/jasper/
SpreadEx
spreadex.com/financials
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.