The time is not just yet to buy gold!
For some reason, I believe we can see a fall from 1868-1878$ area to 1800-1810$ area.
This is not just the moment.
Although my daily setup strongly suggests to buy, I need a confident move above 1890$.
So, for now I prefer to go short on #xauusd with SL settled on 1885$. (TP 1: 1830$ / TP 2: 1810$)
Maybe, just maybe,,, a flat ABC is currently happening since the ATH. There is always open doors for bears to reunite with the 1680-1710$ area.
This is not just the moment.
Although my daily setup strongly suggests to buy, I need a confident move above 1890$.
So, for now I prefer to go short on #xauusd with SL settled on 1885$. (TP 1: 1830$ / TP 2: 1810$)
Maybe, just maybe,,, a flat ABC is currently happening since the ATH. There is always open doors for bears to reunite with the 1680-1710$ area.
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.