A pullback or a reversal?
GOLD has gone up with 25$ from this week's lows.
Right now, it's breaking above previous highs and most probably, a lot of people have noticed inversed head and shoulders pattern.
The question is, if this will reverse the whole move or is it just a correction?
We're looking at a downside continuation.
That means that any upside move shouldn't go above 1780-85 and we should then see another drop towards previous lows!
Of course, tomorrow's FED Interest rate decision will be very important for future price moves.
We're going to be looking for entries once we have rejected the resistance and after the news.
Right now, it's breaking above previous highs and most probably, a lot of people have noticed inversed head and shoulders pattern.
The question is, if this will reverse the whole move or is it just a correction?
We're looking at a downside continuation.
That means that any upside move shouldn't go above 1780-85 and we should then see another drop towards previous lows!
Of course, tomorrow's FED Interest rate decision will be very important for future price moves.
We're going to be looking for entries once we have rejected the resistance and after the news.
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❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
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✅ JOIN FREE TELEGRAM: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
Publicações relacionadas
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.