Gold Price Expected to Rebound at Support Level
The current trend line for gold is a downward sloping line that has been in place since [May 14, 2024 at 09:30 UTC]. The gold price is currently trading at [USD 2,348.46] and is expected to continue to decline until it reaches the support level at [USD 2,321.00]. Once it reaches this level, the gold price is expected to reverse its direction and begin to move higher.
Nota
To the target (2321 USD).. ;)Nota
If the price breaks the white downtrend (hanging in the air) + crosses the vertical white time line today, May 14, at 9:30, we will close the downtrend and start a very strong buy order, with its first target being $2,375 per ounce.Nota
How does a line hanging in the air affect the price?Perhaps we will close the sell Order now (in profit) and open a buy Order, because the time represented by the white vertical line remains less than 3 hours - which means that the price after that will achieve the second part of the recommendation early, which is rising to the targets 2350$,then 2380 $
Nota
1st target 2350$ just done!Nota
in the road to 2ed target $2,375Trade fechado: objetivo atingido
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.
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.