GOLD TREND ANALYSIS
So what kind of a situation do we have on gold? Previously we seen price break the support on both weekly, daily and four hour time frames aggressively, from that perspective, after a break out mostly price tends to retest the support turning it into a support. therefore I am speculating for a long position towards the previous support, and then watch price action for a possible rejection in order to look for shorting opportunities.
let me know what you think will happen to gold, on the comment section.
let me know what you think will happen to gold, on the comment section.
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.