Gold crossed under both the 4hour MA50 and the RSI's MA, which has been a strong signal since the start of June.
During that time the price has been trading inside a Channel Down.
Sell on this confirmed signal and target 1920 which will make a new Lower Low.
This pattern gets invalidated only if the price crosses over Resistance A.
In that case target first the 4hour MA200 at 1975 and then Resistance B (1985.50) in extension.
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During that time the price has been trading inside a Channel Down.
Sell on this confirmed signal and target 1920 which will make a new Lower Low.
This pattern gets invalidated only if the price crosses over Resistance A.
In that case target first the 4hour MA200 at 1975 and then Resistance B (1985.50) in extension.
Follow us, like the idea and leave a comment below!!
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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.
TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
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.