Analysis of gold, Turkish lira, and Dow Jones with a bunch of currencies and commodities
It seems that the predicament of gold is growing little by little, and if the decline in its prices accelerates, strong selling orders from the big ones are triggered, and it does not seem so far that the predicament is over.
Gold and the Turkish lira are in trouble but there is (hope)
Unfortunately, the technically determined path for it on the four-hour frame is very bad, and the real dilemma for investors lies in making the decision to buy or not. In fact, we previously saw that the 1770-1740 areas are all buying areas, and we said that what could happen during the week in terms of movements might make taking that decision It is difficult, especially since we are in the job week and everything is possible. Perhaps the hope that we mentioned is real, and the moves that took place are nothing but the expulsion of the young and the entry of the adults, and this is what I suggest this week will be the end of gold’s decline, but I will leave you with a pause for technical analysis, which may clarify our point of view on The four hours, but we do not confirm that decline unless we see the closing of this week below 1757 levels.
And the destination we set in our previous article has been achieved, and now we just have to wait for the week to close.
To analyze the market in general, we leave you with the trading ideas and the chart to speak for itself:
This content is just the author’s opinions and analyzes and personal diligence and not direct recommendations. If we erred, forgive us. The final decision rests with the investor and the speculator in determining the direction and knowing the risks resulting from his trading, which may lead to a large or total loss in the capital.
Mahmoud edleby – Monday – 29/6/2021