Gold is strongly bearish, keep selling the rallies
Updated
Hello traders, price action still indicates that Gold is strongly bearish.
If you follow me, you will know that our sell from the 2004 level on Friday
is in very handsome profits.
Currently, I am looking for a pullback in Gold. If Gold reaches the 1970 level
again, I would consider selling Gold again with 1920 as my target.
In fact, there's a high probability that Gold may even break the 1900
level and reach 1880 level in the coming weeks
If you follow me, you will know that our sell from the 2004 level on Friday
is in very handsome profits.
Currently, I am looking for a pullback in Gold. If Gold reaches the 1970 level
again, I would consider selling Gold again with 1920 as my target.
In fact, there's a high probability that Gold may even break the 1900
level and reach 1880 level in the coming weeks
Note
Price holding below 1950, we might see another bearish impulse move soonNote
Another drop of 50 pipsNote
As expected price is retracing, let’s if it reaches the 1970 levelNote
When I published the idea, Gold was at 1946. Now it is at 1962. A gain of 160 pipsTrade active
Sold at 1965 at the 4H dynamic resistanceTrade closed manually
Closed@1938
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.