DENCHMON

GOLD + SILVER.

Long
DENCHMON Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Our support trend line shows where we would expect gold to come to if it was to be bearish.

Our resistance trendline shows where gold should break if we want to continue moving bullish, last week gold tested 1827 support twice before strongly exiting our bearish rectangle and created support upon the resistance trendline prompting that gold may be looking to go higher.



Trade active:
And it begins!
Comment:
I mean... silver followed this analysis better lool.

Related Ideas

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.