After Gold new ATH 2887, What Next?
Gold appears to have formed
a local supply zone at 2870-2875
and as long as this zone is intact,
expect further retracement towards
2850-2830
If selling pressure continues below 2830,
decline towards 2810-2780
On the flip side, strong consolidation above 2875 will resume uptrend to retest 2887 and extend bullish advance towards next leg higher 2895
a local supply zone at 2870-2875
and as long as this zone is intact,
expect further retracement towards
2850-2830
If selling pressure continues below 2830,
decline towards 2810-2780
On the flip side, strong consolidation above 2875 will resume uptrend to retest 2887 and extend bullish advance towards next leg higher 2895
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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.