Gold is sitting on a local resistance level, this is a danger level to buy from, it would ideally be a good sell, with a stop loss now set right outside this channels upper resistance line for a very nice risk to reward ratio (This is the trade we currently have set)
If Gold breaks above this resistance, we will see Gold head towards £3,000 by April 2025 as mentioned in our other idea below.
Take a look for an explanation as to why:
If Gold breaks above this resistance, we will see Gold head towards £3,000 by April 2025 as mentioned in our other idea below.
Take a look for an explanation as to why:
Trade active
The short has started to make some movement.
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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.