GOLD -5% Short on Weekly
Hi traders,
XAU has been in bullish triangle set up with the long-term target 2460-2470. At the moment the price has hit the upper triangle band where it can be rejected to go down 5%.
Put SL above this week high.
XAU has been in bullish triangle set up with the long-term target 2460-2470. At the moment the price has hit the upper triangle band where it can be rejected to go down 5%.
Put SL above this week high.
Note
Slightly adjusted the downtrend line which is an upper band of the triangle. The trend has been broken and now being tested from above. Hitting and bouncing of 1820 area can be a buy opportunity.Note
GOLD is at 1780 now. This may go lower, but some profits can be fixed with a partial take.Trade closed: target reached
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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.