linofx1

GOLD: Time To Fall Again, Sell!

TVC:GOLD   CFDs on Gold (US$ / OZ)
↪️Gold price has been experiencing a downward trend since the failure observed last week, and this decline has persisted for the past three consecutive days, including Wednesday. The current value of gold appears to have been acknowledged as being below the support level of 1900 indicated. This, coupled with negative oscillators on the daily chart, indicates that the most likely direction is downwards. As a result, there is a high chance that the price will continue to decrease and potentially reach the lowest point seen in August, around the 1885-1884 range. So, after the retest of the recent broken structure I will be expecting a bearish reaction towards the next support zone around 1885-1883...Trade safely 👍✅

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