A opportunity to go short on Gold
Updated
There could be a chance of pullback to the upside. I have been short here, but it might be an opportunity for otheres to hop on the bandwagon for the rally down to 1186 USD or even lower.
Price action may have entered the anticipated consolidation phase with a possible pullback scenario towards 1240 USD ensuing from this strong downtrend over the last weeks. However, bearish sentiment has not changed and will not change.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.**
Price action may have entered the anticipated consolidation phase with a possible pullback scenario towards 1240 USD ensuing from this strong downtrend over the last weeks. However, bearish sentiment has not changed and will not change.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.**
Trade active
No pullback - bears are strong. When being in the profit zone, hold your short position.Note
Gold hits the pivot at 1186.Trade closed: stop reached
Pullback happened:Note
Note
I will go short again if gold price shows weakness.Note
Pullback may actualize a reversal in Gold price. Do not go short, wait for clear weakness.Note
patience!
Trade active
A bit risky, but I follow my gut feeling. Pullback is a good opportunity to go short again. Downtrend is still active.
Related publications
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.