Gold Potentially Bearish.
Updated
Hi there,
Gold appears bearish, targeting levels between 2451.83 and 2400-2380, with a bias toward 2360, below the high of 2520.
Due to the large support zone surrounding 2451, exercise caution. This level stands for the low that surpasses resistance highs in order to reach higher highs.
So the setup will need to be monitored.
Happy Trading,
K.
Gold appears bearish, targeting levels between 2451.83 and 2400-2380, with a bias toward 2360, below the high of 2520.
Due to the large support zone surrounding 2451, exercise caution. This level stands for the low that surpasses resistance highs in order to reach higher highs.
So the setup will need to be monitored.
Happy Trading,
K.
Trade closed manually
It's not bad, but it's not what we hoped for. We made some gains in both the bullish and bearish market.
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.