Gold
Updated
For Gold, we observe distinct bearish movements on higher timeframes. This suggests that traders should seek ongoing opportunities to sell on smaller timeframes in order to capitalize on the bearish momentum. Nonetheless, if selling pressure intensifies significantly, it may result in an accelerated downward movement, making it challenging to identify favorable price levels for a substantial pullback.
Trade closed: target reached
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.