Gold Trend 12/10
The gold price was relatively stable yesterday, traded within 1750-60 throughout the day. The price has failed to carry the downward momentum from last Friday, and the price is now stable within the 1746-64(1) range. Investors can take advantage of the rangebound pattern before the breakout.
After the rapid pullback(2) last Friday, the market is still waiting for the bottom-out signal on the daily chart. For the moment, trading in the tight range of 1750-60(3), before the downtrend resumes.
S-T Resistances:
1770
1764
1760
Market price: 1757
S-T Supports:
1755
1750
1744-45
If you like our work, kindly give our team a thumbs up. Feel free to leave a comment, let us know what you think!
P. To
After the rapid pullback(2) last Friday, the market is still waiting for the bottom-out signal on the daily chart. For the moment, trading in the tight range of 1750-60(3), before the downtrend resumes.
S-T Resistances:
1770
1764
1760
Market price: 1757
S-T Supports:
1755
1750
1744-45
If you like our work, kindly give our team a thumbs up. Feel free to leave a comment, let us know what you think!
P. To
P. To @ 1uptick Analytics
Похожие публикации
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.