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Technical Analysis
Video | Market Technical | Solid ECN
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[QUOTE="SOLIDECN, post: 203127, member: 80239"] [HEADING=1][CENTER][B]Gold[/B][/CENTER][/HEADING] [CENTER]29.12.2021[/CENTER] [HR][/HR] [ATTACH type="full"]19727[/ATTACH] [JUSTIFY]Today we are looking at the gold 4 hours chart. The yellow metal breached the $1814 resistance yesterday, but the bulls couldn't hold the price above the said level. The instrument is trading near the 23.6 Fibonacci retracements. The upward trendline from December 22, and December 27 failed to keep the bullish sentiment. Below the $1800 support is level 50 of the Fibonacci. If this minor support fails, the path to $1784 will be paved for the bears. Trading Signal The trend is bullish, and minor resistance will be seen from the bears here and there. Solid ECN statistic shows that the buyers' target is $1830 and $1850 checkpoints with the risk of stopping at $1784. On the other hand, the bears are targeting $1784 with risking the December higher high at $1820.[/JUSTIFY] [CENTER][MEDIA=tumblr]solidecn.tumblr.com/post/671893281217626112[/MEDIA][/CENTER] [/QUOTE]
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