Gold is dropping nicely after our bearish cup and handle reversal formation. We keep an eye out on this trade as it has also broke a major ascending support-turned-resistance line which normally triggers a much bigger reversal. Our 1st resistance is at 1344 (Fibonacci retracement, horizontal overlap resistance) and our next major support is at 1325 (Fibonacci retracement, horizontal overlap support, Fibonacci extension).
RSI (55) is holding really nicely below 53% which maintains our new bearish sentiment.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
Ngoài ra, trên:
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.