Hello traders,
GOLD has been rejected once again by the blue resistance weekly zone after breaking through the red trend line.
It is now running a small range at the bottom whole EMA green line crossing the longterm purple one.
This is a strong signal for bear market.
It has been rejected once again by the longterm purple EMA on 4h chart too. So 1860 looks not a hard one to break.
1820 will be next target after.
Good luck!!!
LESS IS MORE!
GOLD has been rejected once again by the blue resistance weekly zone after breaking through the red trend line.
It is now running a small range at the bottom whole EMA green line crossing the longterm purple one.
This is a strong signal for bear market.
It has been rejected once again by the longterm purple EMA on 4h chart too. So 1860 looks not a hard one to break.
1820 will be next target after.
Good luck!!!
LESS IS MORE!
Trade stängt: målet nått
