Mihai_Iacob

Gold- The start for 1720 drop?

Короткая
OANDA:XAUUSD   Золото / Доллар США
If you've read my reviews you know I've been bearish Gold for a while and after yesterday's move, I've become more bearish.
Looking at the daily posted chart we can see that Gols has started the year putting in a strong bearish engulfing and, after correcting some of the drop, yesterday we have also a strong Pin Bar from just under 1830 very important resistance.
This " double bearish signal" is the reason that I've become more bearish and I think that once 1800 psychological support is cleared Gold will tumble pretty fast and 1720 would be a reasonable target in the medium term.
That being said, traders can look to sell rallies under 1830, and as targets, they can look for 1770 and, as I said, 1720.
Only, AND ONLY, a consistent break above 1830 would change my strongly bearish outlook

🚀 Elevate your trades with a 20-year market veteran!

📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals

💎 Crypto Channel:
t.me/FanCryptocurrency

🌟 Premium Contact:
t.me/IacobMihai
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.