Name : GOLD
( ❗️ Short after retest of Break )
🧾 : This is my opinion on GOLD
The stock prices of gold mining companies are closely tied to the price of gold itself. When gold prices rise, these companies tend to see increased profitability, which can lead to higher stock prices. Conversely, falling gold prices can negatively affect their stock performance so that is what is going on with Gold
——————————
Bearish Break
1805.00 Area
Reasons
- M / W Break
- inner Trend Break
- Quarter's Area
- Pattern Break out
- Visible Range Lvn
- Q Low / 2 Q Low Are
Bullish Reversal
1695.00 Area
Reasons
- Major Trend Line
- Major Resistance
- Q High / 2 Q High Are
- Visible Range Hvn
- Year Low
——————————
Setup inspired by GoldenEngine Check him Out:)
( ❗️ Short after retest of Break )
🧾 : This is my opinion on GOLD
The stock prices of gold mining companies are closely tied to the price of gold itself. When gold prices rise, these companies tend to see increased profitability, which can lead to higher stock prices. Conversely, falling gold prices can negatively affect their stock performance so that is what is going on with Gold
——————————
Bearish Break
1805.00 Area
Reasons
- M / W Break
- inner Trend Break
- Quarter's Area
- Pattern Break out
- Visible Range Lvn
- Q Low / 2 Q Low Are
Bullish Reversal
1695.00 Area
Reasons
- Major Trend Line
- Major Resistance
- Q High / 2 Q High Are
- Visible Range Hvn
- Year Low
——————————
Setup inspired by GoldenEngine Check him Out:)
💲Telegram : t.me/ForceTradingFX
