Gold is testing the PRZ of a bearish Gartley.
Last week Gold broke out of a trading channel... that's a bullish sign but GLD is still inside a resistance zone.
If it will break higher, the next potential Sell Zone will be at the completion of a bearish AB=CD pattern (pink).
In such scenario 130$, which act as resistance right now, will turn to potential support and therefore will be the first target zone.
#weeklymarketsanalysis on twitter
Last week Gold broke out of a trading channel... that's a bullish sign but GLD is still inside a resistance zone.
If it will break higher, the next potential Sell Zone will be at the completion of a bearish AB=CD pattern (pink).
In such scenario 130$, which act as resistance right now, will turn to potential support and therefore will be the first target zone.
#weeklymarketsanalysis on twitter
Nota
Reached first target zone (bearish Gartley) Next target zone, if it'll break the channel, is 118$
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.