Gold fell sharply in price, breaking the trend completely.
The strong distribution movement stopped at the historical support level of 1764.9.
Usually, after distribution, the instrument enters the consolidation phase for a while, so I assume that gold will stop in the 1802-1764 range and trade a little here.
It is not yet clear what will happen next, whether it will recover or will take into account the broken bearish trend ...
-------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
The strong distribution movement stopped at the historical support level of 1764.9.
Usually, after distribution, the instrument enters the consolidation phase for a while, so I assume that gold will stop in the 1802-1764 range and trade a little here.
It is not yet clear what will happen next, whether it will recover or will take into account the broken bearish trend ...
-------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
90% accuracy in telegram
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
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.
90% accuracy in telegram
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
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.