Goldie on daily timeframe there's already a bearish divergence, combine with the breakout of double top makes a reversal looks clear.
The broken support, now become resistance.
So, in my point of view I would love to take a short position for gold.
And of course, always wait for the rejection confirmation with lower timeframe to lower the risk and gain higher conviction to open a position.
Feel free to ask any question or leave a comment, i would really appreciate interaction.
Wish us tons of luck.
Cheers
The broken support, now become resistance.
So, in my point of view I would love to take a short position for gold.
And of course, always wait for the rejection confirmation with lower timeframe to lower the risk and gain higher conviction to open a position.
Feel free to ask any question or leave a comment, i would really appreciate interaction.
Wish us tons of luck.
Cheers
Trade closed: target reached
Trade closed: target reached
Target 2 Reached
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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.