GOLD open SELL TRADE
Let's remember that in mid-July, the price bounced off the support level and rose rapidly.
It was a very strong rally, and for almost 4 months since then the price has been in a big downtrend. Of course, there are also ups and downs in price inside it. These movements are caused by two rather strong lines: support and resistance.
Now the price is just at the line of resistance.
As we can see, despite the fact that the line was formed only in August 2020, it has been holding back the price growth more than once.
The only time the price was able to break this line happened on November 3-9 - as you remember, it was at that time that the tense US elections were held.
Now I expect the line to be strong enough to stop the price growth. I think she will turn around and start falling.
And this is an excellent signal to open a sell trade!
I think that the fall will be quite strong, so the expected TP will be in the support zone.
And I never tire of reminding you of the importance of SL - set it above the resistance line.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
It was a very strong rally, and for almost 4 months since then the price has been in a big downtrend. Of course, there are also ups and downs in price inside it. These movements are caused by two rather strong lines: support and resistance.
Now the price is just at the line of resistance.
As we can see, despite the fact that the line was formed only in August 2020, it has been holding back the price growth more than once.
The only time the price was able to break this line happened on November 3-9 - as you remember, it was at that time that the tense US elections were held.
Now I expect the line to be strong enough to stop the price growth. I think she will turn around and start falling.
And this is an excellent signal to open a sell trade!
I think that the fall will be quite strong, so the expected TP will be in the support zone.
And I never tire of reminding you of the importance of SL - set it above the resistance line.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
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🏆TOP Broker: lingridedu.com/brokerFXPro
🌎WebSite: lingrid.org
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: bit.ly/3J4aRVE
🏆TOP Broker: lingridedu.com/brokerFXPro
🌎WebSite: lingrid.org
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.
📚The BEST Trading Course: t.me/lingrid
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: bit.ly/3J4aRVE
🏆TOP Broker: lingridedu.com/brokerFXPro
🌎WebSite: lingrid.org
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: bit.ly/3J4aRVE
🏆TOP Broker: lingridedu.com/brokerFXPro
🌎WebSite: lingrid.org
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.