Gold has been on a bullish rally today. The price plunged above the hourly supply zone forming a fakeout . On the four hour time frame the market closed with a doji candlestick as a sign of reversal. We should be looking for short opportunities. Besides gold looks overbought on the relative strength indicator.
NOT A FINANCIAL ADVICE as trading in the forex market is risky and subject to manipulations.
Remember risk management is key .Do not risk more than 1% of portfolio per trade 🤞
NOT A FINANCIAL ADVICE as trading in the forex market is risky and subject to manipulations.
Remember risk management is key .Do not risk more than 1% of portfolio per trade 🤞
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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.
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.