GOLD is starting a correction since Monday morning. The pullback reaches one of the local supports and apparently ends. A reversal point is formed and the market resumes the target as 1940
TA on the high timeframe:
1) The unidirectional trend with DXY coincides. THAT tells us that there is a strong fundamental influence on the market
2) The global target is not reached, the growth will continue after overcoming the local resistance zones.
TA on low timeframe:
1) False breakdown of local support 1913-1914
2) Consolidation of the price above this area will give us an entry point
3) Target 1935, 1940, 1945
Key resistance📈: 1933
Key support📉: 1913-1914
TA on the high timeframe:
1) The unidirectional trend with DXY coincides. THAT tells us that there is a strong fundamental influence on the market
2) The global target is not reached, the growth will continue after overcoming the local resistance zones.
TA on low timeframe:
1) False breakdown of local support 1913-1914
2) Consolidation of the price above this area will give us an entry point
3) Target 1935, 1940, 1945
Key resistance📈: 1933
Key support📉: 1913-1914
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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.
❤️ Telegram channel: t.me/AndeWave
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.