GOLD: Nothing Changed, Still Bearish
At the moment, gold is following developments in the Middle East. The geopolitical situation seems to have improved, thus creating a short-term release of liquidity in long gold positions.
It could be a short-term gain, but there could also be a larger wave that could follow these moves. No one knows what could happen with gold movements in general.
With the current data, gold remains bearish and is still following our old scenarios.
Today, ARRI tested the 3300 structure area, showing that we have some sellers pushing the price down from that area.
If gold holds this area strong, then it could fall as shown in the chart;
Key target areas: 3262; 3247.5; 3218; 3192 and 3160
You may find more details in the chart!
Thank you and Good Luck!
PS: Please support with a like or comment if you find this analysis useful for your trading day
At the moment, gold is following developments in the Middle East. The geopolitical situation seems to have improved, thus creating a short-term release of liquidity in long gold positions.
It could be a short-term gain, but there could also be a larger wave that could follow these moves. No one knows what could happen with gold movements in general.
With the current data, gold remains bearish and is still following our old scenarios.
Today, ARRI tested the 3300 structure area, showing that we have some sellers pushing the price down from that area.
If gold holds this area strong, then it could fall as shown in the chart;
Key target areas: 3262; 3247.5; 3218; 3192 and 3160
You may find more details in the chart!
Thank you and Good Luck!
PS: Please support with a like or comment if you find this analysis useful for your trading day
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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.
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
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.