Gold Going Down In The Next Few Months ?
20 SMA getting rejected of the 50 SMA.
Typically meaning the market flipping more bearish.
Also on the monthly MACD is diverging back to the 0-line which would allow price to drop.
Previously what happenend was an target of a fib retracement arround the 2.618 mark which gives me the following targets.
Targets arround 1500 ( 1.618 ) and 1300 ( 2.618 )
Not Financial Advise Do Your Own Research.
Typically meaning the market flipping more bearish.
Also on the monthly MACD is diverging back to the 0-line which would allow price to drop.
Previously what happenend was an target of a fib retracement arround the 2.618 mark which gives me the following targets.
Targets arround 1500 ( 1.618 ) and 1300 ( 2.618 )
Not Financial Advise Do Your Own Research.
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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.