Gold out of consolidation
In these charts, you can see the most important support (green lines) and resistance (red lines) to watch in the coming days!
Multi-Timeframe Analysis:
Hourly Chart: Strongly gets out of consolidation! (Bullish)
Daily Chart: making a bullish flag pattern. (Bullish)
Weekly Chart: in a downward regression channel in the past 15 months. (Bearish)
Monthly Chart: at the most important level (1800USD/oz) in the past 10 years!
Conclusion: in the next few days-weeks, gold is bullish and will retest 1830-1850, may proceed further and test 1900!
Multi-Timeframe Analysis:
Hourly Chart: Strongly gets out of consolidation! (Bullish)
Daily Chart: making a bullish flag pattern. (Bullish)
Weekly Chart: in a downward regression channel in the past 15 months. (Bearish)
Monthly Chart: at the most important level (1800USD/oz) in the past 10 years!
Conclusion: in the next few days-weeks, gold is bullish and will retest 1830-1850, may proceed further and test 1900!
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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.
Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
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.