Gold
Updated
Weekly:
MACD = pronounced short
Target = SMA 200
After this week I expect 3 more bearish weekly candles.
Once SMA 200 is reached there should be a pullback.
If the price stabilizes above $1650 then there is blue path as a potential bullish development, a close below $1650 (SMA200 weekly) would lead towards $1500.
MACD = pronounced short
Target = SMA 200
After this week I expect 3 more bearish weekly candles.
Once SMA 200 is reached there should be a pullback.
If the price stabilizes above $1650 then there is blue path as a potential bullish development, a close below $1650 (SMA200 weekly) would lead towards $1500.
Note
Intraday:Below 1740.12 remains short.
Note
1725.77 reached!Note
Next week TARGET:1809.470
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