Sunday, 23 October 2022
21:05 PM (WIB)
As long the price chart fluctuates inside the descending symmetrical downtrend, the bearish market will push the price down to $1.520. So, I’m expecting the price will trade inside the descending symmetrical downtrend, and open buy orders at the support lines around $1.616 with the expectation the bearish market will reach the oversold session.
Kindly much to risk for the bearish market to push the price and break out the support lines, to reach $1.520 at the current time. The descending downtrend channel also shows the bullish market is already stepping aside from the lowest support lines to the middle lines. So, the most possible and make sense for Gold right now is preparing an order to take the best position for long-term transactions.
21:05 PM (WIB)
As long the price chart fluctuates inside the descending symmetrical downtrend, the bearish market will push the price down to $1.520. So, I’m expecting the price will trade inside the descending symmetrical downtrend, and open buy orders at the support lines around $1.616 with the expectation the bearish market will reach the oversold session.
Kindly much to risk for the bearish market to push the price and break out the support lines, to reach $1.520 at the current time. The descending downtrend channel also shows the bullish market is already stepping aside from the lowest support lines to the middle lines. So, the most possible and make sense for Gold right now is preparing an order to take the best position for long-term transactions.