Gold Had a huge rally starting around Jan 2016 and has been trending up ever since.
We are currently in a pull back but still within the bullish trend channel.
I am currently short on gold but i am waiting for price to hit the green price zone around $1316-$1300 to see if I
should add more shorts or start to think about longs depending on price action.
We currently have a RSI & MACD4C Bearish Divergence leading me closer to the short idea.
We are currently in a pull back but still within the bullish trend channel.
I am currently short on gold but i am waiting for price to hit the green price zone around $1316-$1300 to see if I
should add more shorts or start to think about longs depending on price action.
We currently have a RSI & MACD4C Bearish Divergence leading me closer to the short idea.
Note
price is now very close to the zone where i will either enter long or add more shorts
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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.