Gold is consolidating below the resistance zone, which suggests a further decline in the value of the metal. Also, consolidation is taking place between two strong levels of support and resistance, I expect the price to fall towards the global low
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
@emrelg, Did you see the chart for Euro / USD ? they have same direction . But on gold sell and for pair Euro / Usd buy . That's totally wrong
emrelg
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@titansnake94, okay did you check dxy
its look so bullish and dont forgot fed
emrelg
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@titansnake94, yeah titan keep going like analysis yeah:) I told you it was good analysis !
check my gold analysis when I broke the neckline I was told you nvm dude you epic failed
VasilyTrader
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What is your rule for stop placement?
mehrdad501350
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in my opinion gold will rise until 1843$
PlazoSullivanRocheCapital
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Strong analysis. Been bearish three weeks now as DXY strengthens. Expect DXY to hit 94 and Gold to drop to 1680
financialflagship
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Nice analysis, many thanks. 🔥🔥
hummadh
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I agree with this analysis. Gold has become too weak to cross the very strong resistance of 1800. I see gold below 1760 in coming week or the next.