Gold is trading inside a short term Channel Up on the 4H time frame and today made a Higher High.
This is a technical sell signal, considering also the fact that Resistance (1) from the October 27th High is just over it at 2009.55.
Trading Plan:
1. Sell on the current market price.
2. Sell again if it closes a (4h) candle under the MA50 (4h).
Targets:
1. 1983 (Fibonacci 0.618, where prior Higher Lows have been priced).
2. 1960 (MA200 4h).
Tips:
1. The RSI (4h) is trading inside a Channel Down. That is a Bearish Divergence since the price is on a Channel Up, similar to the Bearish Divergence of late October. This is an additional sell signal.
Please like, follow and comment!!
Notes:
Past trading plan:
This is a technical sell signal, considering also the fact that Resistance (1) from the October 27th High is just over it at 2009.55.
Trading Plan:
1. Sell on the current market price.
2. Sell again if it closes a (4h) candle under the MA50 (4h).
Targets:
1. 1983 (Fibonacci 0.618, where prior Higher Lows have been priced).
2. 1960 (MA200 4h).
Tips:
1. The RSI (4h) is trading inside a Channel Down. That is a Bearish Divergence since the price is on a Channel Up, similar to the Bearish Divergence of late October. This is an additional sell signal.
Please like, follow and comment!!
Notes:
Past trading plan:
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
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.
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
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.