Very important thing happened with Gold this week: the price broke and closed below a major rising trend line, moreover, the market set a new lower low lower close on a daily starting a local bearish trend.
Now the broken trend line turned into resistance.
The area between a broken trend line and the current market high serves as a sell zone. From there a bearish continuation will be expected.
I will be on the conservative side and will wait until the price retests the trend line for a safer entry. However, more aggressive trading also can be an option.
Goal for sellers - 1816
❤️Please, support this idea with a like and comment!❤️
I'm bearish and see your basis. Gold's medium term bullish trend has realigned with the weekly downward channel. Quite a probability this will drop to 1770
Mohsen0211
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99.9% precise
braingirl1994
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More last ditch BS manipulation before the end of the month when the Basel III NSFR rules go into effect for European banks.
braingirl1994
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Note that Powell definitely said the Fed would continue to buy at minimum 120 billion/month of assets and debt and 40 billion/month of mortgage backed securities AT LEAST till 2023. Then in 2023 it “may” taper. So more bullshit and inflating the debt.
Lingrid
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I like you idea❤️
BUT we have a Strong SUPPORT level 0n 1855
I think it helps price to grow
What do you think?)
PlazoSullivanRocheCapital
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@Lingrid, 1855 had been pierced. There will be a retest then potential fall further