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Today I'm Bearish On GOLD
Gold Spot / U.S. Dollar
Short
Today I'm Bearish On GOLD
By algofxpro
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Aug 25, 2023
2
Aug 25, 2023
Yesterday I shared my idea and here I explained that anything could happen (
tradingview.com/chart/XAUUSD/xNCuzqyl-Gold-Rejection-Needed/),
even the unemployment news was in favor of USD but can't take down GOLD as most of the traders expected.
In this case, I waited for the rejection from the bottom side to go in my direction and it's happened.
Today I'm bearish on GOLD because of the rejection from the upper side but I'll wait for a valid pullback.
My entry could be below 1917.70 with a proper rejection from the up-side.
This is just my own plan, please research your own, go with your confluences, and trade with proper risk management.
Happy trading
Thank you
Fibonacci
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algofxpro
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