GOLD: Buyers are coming over to the dark side. Target 2275
GOLD is falling from the shakeout zone of 2332. There is no strong buyer in the market and the negative fundamental background makes traders change their strategy
Technically, the price is moving from levels to levels, but the 2315-2320 area is the engine for the price (the place of highest volume)
Strategy: from 2305 may be followed by correction to OB area, further sellers may increase selling volume, which may lead the price to further decline towards 2300-2275
Technically, the price is moving from levels to levels, but the 2315-2320 area is the engine for the price (the place of highest volume)
Strategy: from 2305 may be followed by correction to OB area, further sellers may increase selling volume, which may lead the price to further decline towards 2300-2275
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.