Very reasonable price resistance
Hello to all dear traders
This is my first analysis on this website and I hope my many years of experience will help you.
Gold is currently twice as good as 1869, making good resistance in daily time frames, and based on the analytical picture, it is unlikely that it will be able to break this resistance and the price of gold will rise.
In general, it has a downward trend, and according to the news about the increase in tourism, as well as the end of the year, we should expect a decrease in inflation and economic prosperity.
At the moment we are not waiting for the defeat of the resistance and we must wait for the fall.
The sensitive points are as follows:
1: 1870.93
2: 1879.93
3: 1893.97
Turning point: 1856.92
-1: 1847.89
-2: 1833.88
-3: 1824.85
This is my first analysis on this website and I hope my many years of experience will help you.
Gold is currently twice as good as 1869, making good resistance in daily time frames, and based on the analytical picture, it is unlikely that it will be able to break this resistance and the price of gold will rise.
In general, it has a downward trend, and according to the news about the increase in tourism, as well as the end of the year, we should expect a decrease in inflation and economic prosperity.
At the moment we are not waiting for the defeat of the resistance and we must wait for the fall.
The sensitive points are as follows:
1: 1870.93
2: 1879.93
3: 1893.97
Turning point: 1856.92
-1: 1847.89
-2: 1833.88
-3: 1824.85
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