Gold Wave Analysis – 19 April 2023
Visit FxPro at [ Ссылка ]

Trade responsibly. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
The services advertised are intended for eligible recipients only. Trading CFDs may be subject to local regulations in your jurisdiction. FxPro Group Limited is the holding company of FxPro Financial Services Ltd, FxPro UK Limited and FxPro Global Markets Ltd. FxPro UK Limited is authorised and regulated by the Financial Conduct Authority (registration no. 509956).

FxPro Financial Services Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission (licence no. 078/07) and authorised by the Financial Sector Conduct Authority (‘FSCA’) (authorisation no. 45052). FxPro Global Markets Ltd is authorised and regulated by the SCB (license no. SIA-F184).

Gold prices have declined following a reversal from the significant resistance level at 2050.00. This level has served as the upper boundary of a potent resistance zone that has been causing price reversals since mid-2020. Additionally, this level coincides with the upper weekly Bollinger Band.

The reversal from the resistance level at 2050.00 created a bearish Japanese candlestick reversal pattern known as the Shooting Star. The weekly Stochastic has exhibited bearish divergence, indicating that gold may continue to fall towards the next support level at 1953.00, which is the lower boundary of the aforementioned resistance zone.

This current price action in gold indicates that there is significant selling pressure at the 2050.00 resistance level, with bearish momentum likely to continue. It is important for traders to monitor the price action closely and consider implementing risk management strategies to protect their positions.

#gold #goldanalysistoday



//Recommended Trading Platforms:
▶️ eToro – [ Ссылка ]
▶️ TD365 (Day Trading) – [ Ссылка ]
🎓 Free Demo Trading Account – [ Ссылка ]
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

eToro USA LLC does not offer CFDs and neither does it represent or assume any responsibility for the accuracy or completeness of the content of this publication, prepared by What is Bitcoin, as a partner, using information available and public and not specific to the eToro entity.

//Let’s Connect:
👉 Website: [ Ссылка ]
🔔 Subscribe for more videos: [ Ссылка ]
🤗 Follow me on TikTok: [ Ссылка ]

//About me:
Enda Trading and BuyStocks.ai were formed in 2020 to assist individual traders in locating the most suitable broker and to offer easy-to-follow trading tutorials. I began trading while working on a Google AI project in Dublin, Ireland after completing a trading course with my mentor who is a well-known day trader. Then in July 2022, I left my I.T job to pursue trading and content creation full-time while I continue to update my education and experience to create and deliver easy-to-follow trading content for traders and investors.

свернуть