GOLD is not ready to grow. False breakout
GOLD tested the descending resistance, formed on the background of changing fundamental situation since last year. False break of the resistance confirms the weakness of the buyer at the moment and it can become the reason of a small correction. There is no key trend and based on this we can say that the market is neutral.
Scenario: False break of resistance should be confirmed, for example by consolidation. If the price can consolidate below the descending resistance in the zone of 2685 or below the local level of 2680, the market may provoke a sell-off of the previously formed growth and bring the price to 2665.
Scenario: False break of resistance should be confirmed, for example by consolidation. If the price can consolidate below the descending resistance in the zone of 2685 or below the local level of 2680, the market may provoke a sell-off of the previously formed growth and bring the price to 2665.
Trade ativo
Gold has consolidated in the short-zone after a false breakdown of resistance. Selling is intensifying
❤️ Telegram channel: t.me/AndeWave
Aviso legal
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❤️ 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.