Corrective downswing is fully completed giving the opportunity for stop and pivot to new trending upswing. Moreover the asset has tested exponential moving average.
However if current zone is proved to be broken to the downside bears most likely will be able to rapidly reach pivot-zone 1516.00-1518.72 (watch the black arrow).
Local structure performed downward reversal of the trend via bearish pattern Over&Under. Given that there is a bullish inside bar at the tip of downswing (marked with black arrow) we can expect upward movement in direction 1588.00, where we have mid-term sell entry point according to O&U.
So, we expect growth to the 1588 region and afterwards gold will again reverse to the downside.
Longs to 1588.00.
+$500 FOR TRADING Trade and receive real money for each 10th completed lot USE THE BONUS AND GET THE FOLLOWING BENEFITS: Unlimited withdrawal Compatible with Megaprotect and Deposit Bonus Available for cents and swap-free accounts HOW TO GET BONUS? To have a valid trading account To maintain the minimum account balance of 100 USD Keep trading and receive […]
We are launching the long-awaited rewards program for all subscribers of our social networks – share posts with your friends and get money on your FortFS account as a reward! 🥇 The participants will get the following benefits: • Real money for reposts • The reward is available for withdrawal without restrictions • You can […]