Hello traders, Gold has breached the 2200 historical level due to US Dollar
weakening across the board. However, the uptrend might not last long
as price is approaching the top of the channel(technically)
We recommend traders to watch out for bearish candlesticks in the 2205-2225
zone. If there is bearish price action in the zone that we have highlighted
in the chart, traders can consider selling Gold.
Targets would be 2150, 2055 and eventually 1980 if price continues to reverse.
weakening across the board. However, the uptrend might not last long
as price is approaching the top of the channel(technically)
We recommend traders to watch out for bearish candlesticks in the 2205-2225
zone. If there is bearish price action in the zone that we have highlighted
in the chart, traders can consider selling Gold.
Targets would be 2150, 2055 and eventually 1980 if price continues to reverse.
Note
So far, we are seeing some bearishness in the lower time frames. We have sold@2210Note
Massive intra-day fall of over 250 Pips from our sell level, hope our followers made money tooNote
435 Pips profit and countingNote
Gold may continue to fall even today, either way we will sell again if price reaches near the 2200 level
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.
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.