gold could be up for a significant drop
just look at the 4hr chart - mild divergence, flag/triangle consolidation pattern and previous support levels.
IF this support level breaks and holds, there are few other levels below to stop a significant drop down to 1125 or even lower
this would coincide with the potential USD breakout to the topside - which is currently being limited by weekly Ma's:
IF this support level breaks and holds, there are few other levels below to stop a significant drop down to 1125 or even lower
this would coincide with the potential USD breakout to the topside - which is currently being limited by weekly Ma's:
Trade active
short triggeredTrade closed: target reached
waterfall! TP1 hitotw to TP2
pulling stops to BE
Trade active
retracement couldnt break the 0.618 nor the 0.382 consolidating now
possibly adding to this with part of previous profits
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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.