VIDEO TRADE ANALYSIS: GOLD POTENTIAL MOVE TO $1304.00
GOLD has been selling off of recent and looks to be running out of steam on the daily chart. The outlook right now for
GOLD looks extremely bearish due to price action on the monthly, weekly and daily charts. However, if we want to get short
on this market in-line with the trend, we need to see the market retrace back to a key resistance level. The previous structure lows
should act as resistance, in that case, we can potentially trade back to this on a lower timeframe. This is a contrarian set up and should be
traded with caution.
GOLD looks extremely bearish due to price action on the monthly, weekly and daily charts. However, if we want to get short
on this market in-line with the trend, we need to see the market retrace back to a key resistance level. The previous structure lows
should act as resistance, in that case, we can potentially trade back to this on a lower timeframe. This is a contrarian set up and should be
traded with caution.
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