Still bearish with $1210 as target
Hi,
Gold is still in consolidation mode, he broke its previous range with a top at 1274$ where a bearish gartley has been completed at $1272 and the target of the broken range has been fulfilled (1250/1262 range = 12$ -> 1262+12 = 1274$)
Now, in a daily view, gold is printing a bear flag with a clean pullback on the previous channel.
Daily Stochastic has took a breath and the momentum is now in bear mode.
I'm expecting, at least, a test of the lower boundary of the flag. If price breaks the flag, i will target 1210$ a strong support and 1171$ the goal of the bear flag.
Invalidation : daily close above the flag / in the previous channel.
Gold is still in consolidation mode, he broke its previous range with a top at 1274$ where a bearish gartley has been completed at $1272 and the target of the broken range has been fulfilled (1250/1262 range = 12$ -> 1262+12 = 1274$)
Now, in a daily view, gold is printing a bear flag with a clean pullback on the previous channel.
Daily Stochastic has took a breath and the momentum is now in bear mode.
I'm expecting, at least, a test of the lower boundary of the flag. If price breaks the flag, i will target 1210$ a strong support and 1171$ the goal of the bear flag.
Invalidation : daily close above the flag / in the previous channel.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.