hello everyone!
recently we analyzed gold to fall and we had 4 targets today our second target reached.
and with the spike down there is 1 candle that closes buy that would be demand zone. but as we are on a strong bearish trend there is less chance for gold to test 1980 area. everything is bearish and i'm only taking short positions. for being safe wait for confirmations on lower timeframes to enter and never take long order.
we have 2 pending targets 1920 and 1900.
recently we analyzed gold to fall and we had 4 targets today our second target reached.
and with the spike down there is 1 candle that closes buy that would be demand zone. but as we are on a strong bearish trend there is less chance for gold to test 1980 area. everything is bearish and i'm only taking short positions. for being safe wait for confirmations on lower timeframes to enter and never take long order.
we have 2 pending targets 1920 and 1900.
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Related publications
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.