GOLD H4 - possibility of bearish response
GOLD market has been smoothly moving up for a long time. As a result of these gains, price reached area of significant resistance where yesterday first bearish reaction occurred.
After a brief consolidation in this area, today’s supply response has been stronger and it seems that this resistance will be rejected. As a result, in near future, we would expect declines. In short term, therefore, it is worth considering short position on this instrument.
After a brief consolidation in this area, today’s supply response has been stronger and it seems that this resistance will be rejected. As a result, in near future, we would expect declines. In short term, therefore, it is worth considering short position on this instrument.
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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.
Sprawdź największy polski portal traderski - comparic.pl i dołącz do najbliższej edycji konferencji InvestCuffs! expo.investcuffs.pl. Do zobaczenia w Krakowie!
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.