Gold has reached the first target of the Inverse Cup and Handle...
It seems to be stabilizing around these levels. But it seems to only be a short term (1 or 2 weeks).
If the price breaks below the support, we will most likely see the next target at $1,710.
As we are dealing with a less favoured precious metal compared to the past, this will require some patience to hold onto these shorts.
I'm bearish for now...
It seems to be stabilizing around these levels. But it seems to only be a short term (1 or 2 weeks).
If the price breaks below the support, we will most likely see the next target at $1,710.
As we are dealing with a less favoured precious metal compared to the past, this will require some patience to hold onto these shorts.
I'm bearish for now...
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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.