Market Sentiments have changed from Bullish to Bearish on the larger timeframe,soon all fundamentals which are bullish atm will change as soon as market makes a break below 2300 but you dont have to wait for that,follow the weekly analysis in order not to miss any opportunity provided by the market.
Now we will focus on the sell entries as market makes LH retracement levels on H4 timeframe.Factors determining this sudden bullish to bearish outlook is due to recession kicking in in which case stocks will drop harder than gold,despite the war news.Market is going to turn their gold profits into btc as last week in BTC nashville a new bill is going to be passed which has eyes all over the world.
Currently there is race of acquiring digital asssets,which will send metals prices downwards,since market is looking for a new bottom after creating a new ATH.
We will move from Data to Data for upcoming Gold sell setups.
Currently Sell Entry:
Look for sell btw 2389-95 area.no sell above 2400.
TP 1 2360
TP 2 2330
TP 3 2300
SL - 50 pips
Channel goals 55/1000.
Now we will focus on the sell entries as market makes LH retracement levels on H4 timeframe.Factors determining this sudden bullish to bearish outlook is due to recession kicking in in which case stocks will drop harder than gold,despite the war news.Market is going to turn their gold profits into btc as last week in BTC nashville a new bill is going to be passed which has eyes all over the world.
Currently there is race of acquiring digital asssets,which will send metals prices downwards,since market is looking for a new bottom after creating a new ATH.
We will move from Data to Data for upcoming Gold sell setups.
Currently Sell Entry:
Look for sell btw 2389-95 area.no sell above 2400.
TP 1 2360
TP 2 2330
TP 3 2300
SL - 50 pips
Channel goals 55/1000.
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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.