GOLD short
We are currently at a point of Bearish Change of character Forming for Gold and at the top of the ascending Channel for this Move.
Gold has made a move outside of the Larger symmetric Triangle ( See current Gold idea on profile ) but This was not accompanied by strong volume nor has it been decisive.
Gold will Move down towards its 100SMA confluencing with the Bottom of the Price channel, which will allow us to Accumulate Gold at cheaper prices as we have been doing for a long time for the coming move to 3200. But currently Gold faces a short term correction Which we will take advantage of
Gold has made a move outside of the Larger symmetric Triangle ( See current Gold idea on profile ) but This was not accompanied by strong volume nor has it been decisive.
Gold will Move down towards its 100SMA confluencing with the Bottom of the Price channel, which will allow us to Accumulate Gold at cheaper prices as we have been doing for a long time for the coming move to 3200. But currently Gold faces a short term correction Which we will take advantage of
Trade active
Congratulations Everyone who took a short we have reached our goal, and keep a trailing SL now to ensure profits at 15 percent.
We will now look for more long positions when the opportunity presents us
Trade closed: target reached
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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.