Gold short coming
Updated
We see gold consolidating in a triangular formation, driven by the fears of brexit and with downward force due to the trade agreement between China-USA, according to the agenda the tune for gold may sound according to the technical analysis of the chart.
Price and RSI levels quickly overbought
The plan is to wait for the upper part of the triangle to a bearish candle to take the best possible benefit risk
Risk: 0.35%
Reward: 1.12%
The analysis is for informational use only.
-------------------------------------------------------------------------
Promoting safe risk management is the most important.
------------------------------------------------------------------------
The market situation may change so adjustments at discretion without prior notification may occur, trade the trade.
Price and RSI levels quickly overbought
The plan is to wait for the upper part of the triangle to a bearish candle to take the best possible benefit risk
Risk: 0.35%
Reward: 1.12%
The analysis is for informational use only.
-------------------------------------------------------------------------
Promoting safe risk management is the most important.
------------------------------------------------------------------------
The market situation may change so adjustments at discretion without prior notification may occur, trade the trade.
Trade active
On pricewaiting bearish price
Order cancelled
no bearish candle
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.