Has Gold gone to far? Possible Short Setup
Hello together,
Gold looks really stretched to the upside on the weekly.
On the 4 hour timeframe it looks like a head and shoulders pattern is building up and wants to break to the downside. Its risky shorting such a strong bull market. So I am risking only really small on this trade. What do you think of this idea?
Gold looks really stretched to the upside on the weekly.
On the 4 hour timeframe it looks like a head and shoulders pattern is building up and wants to break to the downside. Its risky shorting such a strong bull market. So I am risking only really small on this trade. What do you think of this idea?
Note
The Setup isn't valid any longer because gold made a new ATH. The trade got never triggered.
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.
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.