Short
Gold maintain short bias
Believe that gold price would aim to whip both long and short seller of gold as it has just broken a technical upward channel. However, looking at higher time frame , so long as price 1811 is not capture, the gold still bearish.
Gold will maintain short bias with target at 1785 and the next target at 1769 area as we have yet to have any confirmation signal on H4 or D1 to show the possible reversal for the current downward move.
Long Gold only when price has gone above 1811 we will long the positions with target at 1821.
Gold will maintain short bias with target at 1785 and the next target at 1769 area as we have yet to have any confirmation signal on H4 or D1 to show the possible reversal for the current downward move.
Long Gold only when price has gone above 1811 we will long the positions with target at 1821.
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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.