GOLD NFP ANALYSIS
Gold created Supply waiting for price to enter that area and close with a rejection. Affirming that price would be dropping. I had another confluence: if price closes below 1789.675 shorting gold would be a worthwhile opportunity.
Price was forming and in an ascending channel; another confluence that price would be breaking in the near future.
TP1: 1784.975
TP2: 1769.930
RR: 27.15:1
Price was forming and in an ascending channel; another confluence that price would be breaking in the near future.
TP1: 1784.975
TP2: 1769.930
RR: 27.15:1
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.