Gold- Sell rallies for a new low
As I expected, yesterday Gold dropped and not only did it reach my 1780 target but has dropped under reaching a local low to around the 1760 zone.
Not the price seems to have stabilized and a corrective rally could follow.
This correction can give bears a good opportunity to enter the market in expectation of a down continuation.
The old support at the 1780 zone is now resistance and in this zone I m looking to sell.
Gold back above 1800 would negate this scenario
Not the price seems to have stabilized and a corrective rally could follow.
This correction can give bears a good opportunity to enter the market in expectation of a down continuation.
The old support at the 1780 zone is now resistance and in this zone I m looking to sell.
Gold back above 1800 would negate this scenario
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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.