Or, is gold forming a cup and handle?
Noticeably there's a head and shoulders pattern breaking to the downside that coincided with a double top on a micro time frame.
Gold is currently trading below the 200DMA which is inherently bearish for the commodity. If gold bounces meaningfully with sustainable upward price movement off the 200DMA go long, if we see continued bearish momentum below the 200DMA go short to stay short.
Price target $800.00 USD in the next 5 years to decade.
Noticeably there's a head and shoulders pattern breaking to the downside that coincided with a double top on a micro time frame.
Gold is currently trading below the 200DMA which is inherently bearish for the commodity. If gold bounces meaningfully with sustainable upward price movement off the 200DMA go long, if we see continued bearish momentum below the 200DMA go short to stay short.
Price target $800.00 USD in the next 5 years to decade.
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この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。