This is a great opportunity to short gold, any indication of multiple confluence is always good and in this case we have many. For example, price will hit the 0.618 fib retracement zone and at the same time re-hit the trend-line it broke and hit the 20ema.
This is just an opinion of mine, in the past i've found that finding multiple confluence aids one when making a decision to make a trade.
This is just an opinion of mine, in the past i've found that finding multiple confluence aids one when making a decision to make a trade.
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.