GOLD rebounded from supply zone with strong bearish movement at level 1745.00
Price broke uptrendline and based below key level at 1721.50
Price is based below HVN at level 1731.75 which indicates that gold is in distribution phase
Below SMA 100
MACD shows bearish momentum
It's expected to target first support level at 1692.50
then finally target the demand zone at level 1671.00
Price broke uptrendline and based below key level at 1721.50
Price is based below HVN at level 1731.75 which indicates that gold is in distribution phase
Below SMA 100
MACD shows bearish momentum
It's expected to target first support level at 1692.50
then finally target the demand zone at level 1671.00
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.
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.