Gold Spot / U.S. DollarUpdated Gold end-Jan 2020 (Mid-Term Correction)
There's a decent setup to build short positions from 1574 to 1580.
Its taking awhile for daily correction to kick in because there's a mini uptrend wave that needs to complete before correction.
Its taking awhile for daily correction to kick in because there's a mini uptrend wave that needs to complete before correction.
Note
New short zone: 1579-86Trade active
New pattern may have formed. Bears have been hammering daily support for too long so bear correction may have already started. Shorted here at 60-65
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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.