Will Gold fall to 1980? This level is the key!
Hello traders, hope you had a good weekend. Last week, we sold Gold@2046
and made some decent profits with our sells.
At the moment, Gold is a key level on the hourly chart. You will notice that the price
is exactly at the 100-hour moving average. Now, price action is definitely bearish.
However, if Gold moves below the 100-hour EMA, then we can be more confident
about the bearish movement.
To speak plainly, if you see a strong bearish candlestick that moves below the 2015
level, you can expect Gold to fall to 1980. You can plan your trades accordingly
and made some decent profits with our sells.
At the moment, Gold is a key level on the hourly chart. You will notice that the price
is exactly at the 100-hour moving average. Now, price action is definitely bearish.
However, if Gold moves below the 100-hour EMA, then we can be more confident
about the bearish movement.
To speak plainly, if you see a strong bearish candlestick that moves below the 2015
level, you can expect Gold to fall to 1980. You can plan your trades accordingly