A SHORT for Gold ?
Hi All,
Can GOLD be on a short? lets see,
As you can see we have a downtrend indicated by the red line, also we have a possibility of a triple top (yellow circles - 3rd been a good rejection) which we are awaiting a conformation. The grey boxes are key area which could indicate the price actions movements and once price gets into these key areas - look for a buy/sell signal!
PlanB would be a reversal and the take profit on the green line which is the previous high.
** This is my own opinion and not financial advice, this is for educational purposes and all feedback is welcomed **
Good luck and trade safe
L
Can GOLD be on a short? lets see,
As you can see we have a downtrend indicated by the red line, also we have a possibility of a triple top (yellow circles - 3rd been a good rejection) which we are awaiting a conformation. The grey boxes are key area which could indicate the price actions movements and once price gets into these key areas - look for a buy/sell signal!
PlanB would be a reversal and the take profit on the green line which is the previous high.
** This is my own opinion and not financial advice, this is for educational purposes and all feedback is welcomed **
Good luck and trade safe
L
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.