Gold- Do we have a top?
In my yesterday's analysis, I warned about Gold approaching a very strong resistance, a level that acted as support for the first 6 months of 2022 and the possibility of reversal.
Indeed, the yellow metal has reversed from that level, leaving a long-tailed candle on our daily chart with strongly bearish implications.
After this 300 pips drop, we assist a normal correction that can offer a good opportunity for bears.
That being said, in my opinion, rallies against yesterday's high should be sold with a target in 1740-1745 support
Indeed, the yellow metal has reversed from that level, leaving a long-tailed candle on our daily chart with strongly bearish implications.
After this 300 pips drop, we assist a normal correction that can offer a good opportunity for bears.
That being said, in my opinion, rallies against yesterday's high should be sold with a target in 1740-1745 support
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
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.