🔸Hello traders, today let's review 2daily price chart for gold. Heavy rejection from strong overhead resistance near 2075, sliding S/R contained the bull run once again.
🔸2015/2020 usd weak horizontal S/R price level, once bears take it out expecting strong sell side pressure to accelerate, targeting 1950 and 1900 usd.
🔸While the gold price chart looks strong in hindsight, the V-shape recovery already completed near 2075 usd and therefore and further upside is very limited, pullback/correction required before we can resume the uptrend.
🔸Recommended strategy position traders: BEARS should wait for weak S/R breakdown near 2015/2020 usd, and short sell initial target is 1900/1950 usd. final TP bears is 1785 usd, however keep in mind this is a swing trade setup, so naturally more time required to hit final TP. good luck!
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expecting breakdown soon
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USOIL daily best level to buy/hold 24% upside
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gold market short-term update bears maintain control
I don’t that’s correct even dx going to moon last target for the gold probably 1880 Even all countries including brics nation ditch the dollar any big discount on gold china Russia India buying huge gold so it doesn’t allow gold go lower as you expect