Contributors Technical Analysis Gold Strongly Bearish Continuation Below The Double Bottom

Gold Strongly Bearish Continuation Below The Double Bottom

Gold is strongly bearish. Continuation below double bottom will open the doors to 1656. Watch for a continuation below the double bottom or a rejection from the POC zone.

1700-10 is the POC zone, we could see a move straight from the POC towards a retest of 1687 zone. We should see a move lower towards 1667 and 1656. From there, the move up is expected as a form of retracement. Gold has also formed the double top which cues for a continuation down.

NO COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exit mobile version