Gold Breaks Signficant Support
(MENAFN- DailyFX)
original source
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader
-A head and shoulders top was confirmed today with the break of the neckline (a more conservative approach is to wait for 1272 to break however). The objective is below the June low of 1180 at 1150.
-Possible supports along the way are the August low at 1272, channel support, and the 6/28 close at 1234.
Trading Strategy: Short, can tighten risk to 1355. The h&s target is 1150 (basically a test of the lows).
LEVELS: 1208 1234 1273 | 1305 1320 1352
original source
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
- Stonehaven Circle Marks 13Th Anniversary With Hadrian Colwyn Leading Calvio Ailegacyx Innovation
- Bitmex Launches Alpha Showdown Trading Competition Featuring 3 BTC Prize Pool And Additional Rewards
- Thrivestate Launches“Fly Before You Buy” Program, Enabling International Buyers To Explore Dubai Before Committing
- 1Inch Becomes First Swap Provider Relaunched On OKX Wallet
- Ozak AI Partners With Pyth Network To Deliver Real-Time Market Data Across 100+ Blockchains
- Xfunded Expands In Dubai, Strengthening Collaborations With Trading Influencers Across Europe
More Story
Comments
No comment