gold

GOLD continues the higher order move


GOLD 

 

Investors expected gold to behave differently. The reddit turmoil resulted in a slight price boost, but ultimately nothing bigger came out of it. As a long-term asset, gold remains in a downward trend. The wide channel that has been created is still respected. In the long term, I marked on the second image the level of the support zone and the border of the designated channel. In this way, I had this channel designated from the beginning and I returned to this form because it coincides with other levels. For a while it was changed to a wider one, and if the price breaks I will take it into account, but the original version shows more reversal points.

We currently have a reaction to the local trendline, but I do not think the upward break will be sustained due to the optimistic data for the dollar, which has been seen since last week.

gold

GOLD

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Biznes-Broker
Biznes-Broker

Trader, cryptocurrency and forex market analyst. Editor of investor magazines: EN: http://biznes-broker.com/ PL: http://pvq.pl/ By giving me a tip you donate it to charity. All collected funds will help children and animals in need.


Analysis of the financial markets
Analysis of the financial markets

Subjective view of the financial market. Mainly Forex, Indexes and Commodities. Analyzes based on technical analyzes. All analyzes are my view of the market. It is not recommended to make trading decisions based on the information provided. You can check my work here: EN: http://biznes-broker.com/ PL: http://pvq.pl/

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