Gold has had an amazing bull run but analyzing long term resistance one can conclude that XAU has hit the uptrend resistance that started in the 1980'. Looking at the charrt- the highest probability setup here is to short.
Trade taken:
SHORT
Entry 2953.18USD
Take profit ~2200USD
Stop Loss: 3076
DYOR
NOT Financial Advice
Trade taken:
SHORT
Entry 2953.18USD
Take profit ~2200USD
Stop Loss: 3076
DYOR
NOT Financial Advice
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.