Gold setting up for a bearish formation.
It could be an Inverse Cup and Handle, M Formation, Rounding Top.
Whatever it is, the signs are looking bearish.
21>7>200 - Bearish
RSI < 50 - Bearish
Target $1,629
INTERESTING FACTS
Gold is a chemical element with the symbol Au and atomic number 79.
Gold is a precious metal, which means that it is rare and valuable.
Gold is found in nature in a variety of forms, including nuggets, grains, and veins in rocks. It is most commonly found in deposits in South Africa, Australia, and the United States.
Today, gold is still used as a store of value and as a hedge against inflation and economic uncertainty. It is also used in jewelry, electronics, and other industrial applications.
The price of gold is determined by supply and demand in global markets.
It is traded on commodities exchanges, such as the New York Mercantile Exchange and the London Bullion Market.
The price of gold can be volatile, and it is influenced by a variety of factors, including economic conditions, political events, and investor sentiment.
Gold is measured in troy ounces, which are slightly larger than regular ounces. One troy ounce of gold is equal to about 31.1 grams.
It could be an Inverse Cup and Handle, M Formation, Rounding Top.
Whatever it is, the signs are looking bearish.
21>7>200 - Bearish
RSI < 50 - Bearish
Target $1,629
INTERESTING FACTS
Gold is a chemical element with the symbol Au and atomic number 79.
Gold is a precious metal, which means that it is rare and valuable.
Gold is found in nature in a variety of forms, including nuggets, grains, and veins in rocks. It is most commonly found in deposits in South Africa, Australia, and the United States.
Today, gold is still used as a store of value and as a hedge against inflation and economic uncertainty. It is also used in jewelry, electronics, and other industrial applications.
The price of gold is determined by supply and demand in global markets.
It is traded on commodities exchanges, such as the New York Mercantile Exchange and the London Bullion Market.
The price of gold can be volatile, and it is influenced by a variety of factors, including economic conditions, political events, and investor sentiment.
Gold is measured in troy ounces, which are slightly larger than regular ounces. One troy ounce of gold is equal to about 31.1 grams.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.