GOLD: sell signal
So. Gold pushed off the support, but you cannot trade against the trend. If gold now makes a false breakout of resistance and consolidates below the level, it is an ideal entry point to short. The trend is downward, the channel boundaries are known, we recall the rules of risk management and enter the deal. I expect a fall to the lower border of the flat.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments
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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.