Gold seems to be in an exhausted trend. If it breaks out of the smaller structure (blue trendlines) it is going to start a reversal (which most likely will continue breaking the bigger structure). In addition we have MACD regular divergence.
I am not interested in any up movement at the moment.
I am not interested in any up movement at the moment.
Note
Still on this trade with Stop Loss on small profit. It is a risk-free trade now
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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.