Gold continues to fall.
But before we talk about the performance of this Monday, I want to remind you of how the situation with the formation of the price of gold developed over the past week. Let's remember the last 4 predictions that came true.
October 27 - finished shaping the shape.
October 28 - went beyond the channel and we predicted a strong downward movement.
October 29 - continued to fall and we adjusted the idea.
October 30 that the price has left a small upward channel, in which it has been moving during the last month. It has broken through two resistance lines and will fall.
In August, the price broke through a strong resistance line and fell very seriously. And on the chart, we see that recently the price reached this line again and broke it again. And fell again.
In this situation, I assume that the price will continue to fall towards the support zone. In this case, this can serve as a signal to open a trade to sell.
Keeping in mind the US elections on November 3, be careful with your trade this week. Don't forget to work with SL! In this case, it is located above the resistance line.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
But before we talk about the performance of this Monday, I want to remind you of how the situation with the formation of the price of gold developed over the past week. Let's remember the last 4 predictions that came true.
October 27 - finished shaping the shape.
October 28 - went beyond the channel and we predicted a strong downward movement.
October 29 - continued to fall and we adjusted the idea.
October 30 that the price has left a small upward channel, in which it has been moving during the last month. It has broken through two resistance lines and will fall.
In August, the price broke through a strong resistance line and fell very seriously. And on the chart, we see that recently the price reached this line again and broke it again. And fell again.
In this situation, I assume that the price will continue to fall towards the support zone. In this case, this can serve as a signal to open a trade to sell.
Keeping in mind the US elections on November 3, be careful with your trade this week. Don't forget to work with SL! In this case, it is located above the resistance line.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
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.
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
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.