GOLD Bearish Sentiment
On the 1-hour timeframe we now see Gold breaking out of an ascending trend accompanied by a rising wedge breakout, favouring the bears.
This breakout was confirmed, twice, as seen in the retest, informally known as the "last kiss".
I predict that gold will reach the support level, and if that support is broken, I see Gold falling to the targets I previously established in last weeks Gold analysis.
This breakout was confirmed, twice, as seen in the retest, informally known as the "last kiss".
I predict that gold will reach the support level, and if that support is broken, I see Gold falling to the targets I previously established in last weeks Gold analysis.
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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.