Gold-short
And the fall continues (Gold possibly to see more downside)Continuing on from the last post, where Gold fell more than 1.4% after I posted the short setup, here we are once again, in what looks to be another impulse down for possibly Wave C, suggesting that the market can see lows near 1842 and possibly much lower.
We can take partial small entry, as the move is already too strong and then waiting for corrective pullback to add more.
GOLD Will Fall! Short!
Hello,Friends!
Indecision in the market is changing
Towards a well defined bearish sentiment
And the price action on the lower timeframes
Is clearly supporting this narratve
Therefore, I think it is a goodidea to go short!
Like and subscribe and comment my ideas if you enjoy them!
GOLD: Short Trade Explained
GOLD
- Classic bearish pattern
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Sell GOLD
Entry - 1976.02
Stop - 2028.42
Take - 1897.34
Our Risk - 1%
Start protection of your profits from higher levels
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GOLD: Short Trading Opportunity
GOLD
- Classic bearish pattern
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short GOLD
Entry Point - 1928.34
Stop Loss - 1941.35
Take Profit - 1908.80
Our Risk - 1%
Start protection of your profits from higher levels
Like & Comment Our Analysis, Please!
❤️ Please, support our work with like & comment! ❤️
GOLD - SHORT IDEAwell since my last analyses on gold it dropped 120P, its been making HH and HL Since that breakout and now we got another strong support on 1915 area that if breaks though downtrend will be keep forming.
Target on 1898
Crowd is going long which is a positive indicator for us since 70% of retail traders lose money + Gold strength is weak and USD is average
GOLD new update for 2022...With gold being very bullish towards the end of last year, we decided to sit on our hands for a while regarding updates on the commodity.
The price did recently run up all the way to $2,070, before dropping back into the 200 DMA.
We can see gold extend a deeper pullback into $1,850 this year before continuing to the upside. Gold on a fundamental level is looking relatively strong however we don't believe another bull run is on the cards just yet.
GOLD SHORT Gold has tested resistance twice in 4 hours, price is rejecting a bearish trend line. Expecting gold to show more bearish movement.
GOLD Will Fall! Sell!
Hello,Friends!
Indecision in the market is changing
Towards a well defined bearish sentiment
And the price action on the lower timeframes
Is clearly supporting this narratve
Therefore, I think it is a good idea to go short!
Like and subscribe and comment my ideas if you enjoy them!