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ElenaMayi
Apr 23, 2024 11:12 AM

GOLD - toward 2278 Short

GoldOANDA

Description

Technically, although the price of gold has dropped significantly, there is still a strong downward trend. A transaction below the 2305 level would provide additional support for the downside, taking it to the 2278 level, and a short stabilization below this 2260 level would be our second target. Regarding correction, gold may correct itself prior to its steep decline. Any stability above the 2305 level with a 4H wax will have a price movement between the 2305 and 2344 levels.

Tendency: short 2305
target station: (2278, 2260, 2233).
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