Gold analysis update in 3 hour time frame
Gold analysis update in 3-hour time frame
As you can see in the chart, the price is stuck under the roof of its ascending channel, and candles with long tails are formed.
The possibility of price correction up to the support of 1940 dollars is high because there is both Midline channel, good support and Fibo 50.
The status of the average trading volume and the RSI indicator can be a confirmation of the above statement.
- Don't forget capital management and compliance with risk to reward.
- Be successful and profitable
As you can see in the chart, the price is stuck under the roof of its ascending channel, and candles with long tails are formed.
The possibility of price correction up to the support of 1940 dollars is high because there is both Midline channel, good support and Fibo 50.
The status of the average trading volume and the RSI indicator can be a confirmation of the above statement.
- Don't forget capital management and compliance with risk to reward.
- Be successful and profitable
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.