✴️ GOLD Daily timeframe. February 24
The gold broke the support at 1824 and yesterday's daily candlestick tries to open a new potential. But, at the moment, the gold is stuck in a tight liquidity zone
1) Yesterday's candlestick closed below 1824, hence, if the price goes below yesterday's low, the bearish momentum could activate
2) But there is a strong support line, which might push the price up
3) In our case we have to wait for the exact confirmation of the price for a move in one direction or the other - usually it is a consolidation above or below the level.
4) At the moment the price is in the correction phase, the reversal may pass quickly or through a long consolidation
5) Indicators are in the red zone, the daily RSI is in the oversold zone and possibly the appearance of a buy signal may give a green light.
1) Yesterday's candlestick closed below 1824, hence, if the price goes below yesterday's low, the bearish momentum could activate
2) But there is a strong support line, which might push the price up
3) In our case we have to wait for the exact confirmation of the price for a move in one direction or the other - usually it is a consolidation above or below the level.
4) At the moment the price is in the correction phase, the reversal may pass quickly or through a long consolidation
5) Indicators are in the red zone, the daily RSI is in the oversold zone and possibly the appearance of a buy signal may give a green light.
❤️ Telegram channel: t.me/AndeWave
❤️ Telegram channel: t.me/AndeWave
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.