Time 4 H: It seems that the Rising wedge pattern that has been broken down, pulleback and can be entered into a selling position within the specified range. The weekly candle is closed as a DOJI (spinning top), which is likely to cause a bearish shock and will be completely bearish next week.
Considering the strengthening of the dollar index and 10-year bonds, next week will be a decline for gold and will touch the targets of 1767, 1750, 1740 and 1728.
This analysis is valid for the next week (short term) and will be updated frequently.
Good luck
Considering the strengthening of the dollar index and 10-year bonds, next week will be a decline for gold and will touch the targets of 1767, 1750, 1740 and 1728.
This analysis is valid for the next week (short term) and will be updated frequently.
Good luck
Trade active:
Pullback has been made in the pattern of broken Rising Wedge and will probably resume the downward trend. The analysis is still valid, the targets are valid.