Gold describing a possible bearish setup in gold. Let me reframe your analysis more clearly Gold is trading inside an ascending channel A downside reaction has already started while most expected an upside breakout.
if gold breaks down from the ascending channel, it could extend the fall. You see 3620 → 3580 as the likely downside zones. This means you’re expecting the channel breakdown to confirm weakness, and those levels to act as the next supports.
i will request to all investor support me with like and comments.
if gold breaks down from the ascending channel, it could extend the fall. You see 3620 → 3580 as the likely downside zones. This means you’re expecting the channel breakdown to confirm weakness, and those levels to act as the next supports.
i will request to all investor support me with like and comments.
Trade closed: target reached
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Join My Telegram Channel
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.