Due to interest rate cut expectations, Gold has reached ATH yesterday, which invalidate my short term bearish trend.
However, current level is highly overbought. There could be some serious corrections coming in next few days.
I will wait for pattern to sell in 4 hourly timeframe or buy from 2420 zone.
Currently I don't have a area for selling forecast. This thing could easily pump to 2500.
Patience is the key. Don't rush into the market!
However, current level is highly overbought. There could be some serious corrections coming in next few days.
I will wait for pattern to sell in 4 hourly timeframe or buy from 2420 zone.
Currently I don't have a area for selling forecast. This thing could easily pump to 2500.
Patience is the key. Don't rush into the market!
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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.