Forex Zone - Forex Forum

gold and silver

Discussion started on Technical

Administrator
  • Hero Member
  • Posts: 4749
  • Points: 34651
  • Likes Received: 4849
  • Reputation: +220/-14
I agree with your opinion sir, I just saw the number you mean is support from last week
It is also the resistance from mid-November. Which is now support.



because if you look at the shape of yesterday's weekly candlestick it looks like the long bearish wick is down where it should continue the downward trend. do you also think so?
Last week went down to only 1773. So the 1775 area level held. It's not exact since it's using higher TF's.

I am leaning towards bullish movement for Gold. I personally would not be shorting Gold.


#91 - December 19, 2022, 05:13:14 PM

Members:

0 Members and 1 Guest are viewing this topic.