Do not buy GOLD right now! | This is a trap
In the analysis from yesterday we said we’re expecting a downside move and it then happened down to 1795.
It looks like there is not much strength and we might actually see another high before a downside continuation.
If you have any long positions then look for exiting your trades in the zone of the previous high.
We don’t recommend looking for new long positions.
This is a trap for the bulls- that price begins an upside move but it will then quickly reverse!
At the same time everyone who’s currently selling and has their stops above previous highs will be taken out of the market.
Be cautious and smart. Don’t be fooled to buy at this moment.
There will be better levels!
For short positions wait for price to surpass previous high and look for any reversal signs or follow our analysis - we will be sending out more info!
It looks like there is not much strength and we might actually see another high before a downside continuation.
If you have any long positions then look for exiting your trades in the zone of the previous high.
We don’t recommend looking for new long positions.
This is a trap for the bulls- that price begins an upside move but it will then quickly reverse!
At the same time everyone who’s currently selling and has their stops above previous highs will be taken out of the market.
Be cautious and smart. Don’t be fooled to buy at this moment.
There will be better levels!
For short positions wait for price to surpass previous high and look for any reversal signs or follow our analysis - we will be sending out more info!
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❓ If you got questions: t.me/Semkov
💰 PAID SIGNALS AND ANALYSIS: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
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