Gold managed to break the bearish trendline resistance. I have adviced members to buy the market on retest confirmation. Bullish targets are 2024, 2030 and posible 2040(depends)
In the long run waiting for proper confirmation for sells around 2030 or 2040. But only if priceaction confirms it. Then we can sell the market for targets: 2020, 2007, 2000
Resistance: 2020, 2030, 2040
Support: 2013, 2007, 1990
In the long run waiting for proper confirmation for sells around 2030 or 2040. But only if priceaction confirms it. Then we can sell the market for targets: 2020, 2007, 2000
Resistance: 2020, 2030, 2040
Support: 2013, 2007, 1990
Note
And again a profitable trade up to 2030. Small update on the chart. Focussing on 2036-2039 for posible sells again. 2030 is a posibility, but i think the market will seek higher levels first and retest the daily trendlineNote
daily perspectiveNote
Posible view on gold in upcoming days and next week. Follow priceaction
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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.