Gold Spot / U.S. DollarUpdated Gold is in very critical position.
Gold / 1H
Hello traders, as many of you have requested for another gold market breakdown in a lower time frame. Here you go.
As for the moment, gold is trading inside a rising channel approaching a local resistance level.
Bullish scenario: the price breaks above targeting the next highs.
Bearish scenario: the price gets rejected by the resistance level, that's a good signal to sell.
Trade safe.
Trader Leo,
Hello traders, as many of you have requested for another gold market breakdown in a lower time frame. Here you go.
As for the moment, gold is trading inside a rising channel approaching a local resistance level.
Bullish scenario: the price breaks above targeting the next highs.
Bearish scenario: the price gets rejected by the resistance level, that's a good signal to sell.
Trade safe.
Trader Leo,
Note
The Bearish side took over.
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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.
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.