Gold Spot / U.S. DollarUpdated Gold: In no man's land (for now)
We have clear signals that the gold bull run can continue, but there's an interesting area for a short above, to rejoin the long term downtrend with a tight entry.
We will need confirmation for the trade, since, after breaking our previous trade invalidation, the only other safe location for a stop is the monthly level at 1172.99, and that would be really wide.
So, I will wait and post my short entry when it's confirmed.
Cheers,
Ivan.
We will need confirmation for the trade, since, after breaking our previous trade invalidation, the only other safe location for a stop is the monthly level at 1172.99, and that would be really wide.
So, I will wait and post my short entry when it's confirmed.
Cheers,
Ivan.
Trade closed: target reached
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🔒Want to dive deeper? Check out my paid services below🔒
ivanlabrie.substack.com/
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Related publications
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.