I will short gold. It will most likely keep going down to the trend line.
Then comes an opportunity for gold to break the huge monthly trendline starting from 2011.
SL: 1254 TP: 1235
?The question mark?: On the monthly timeframe we see that the candle closes below the trendline and not actually over it. This still shows potential for it to go lower.
Then comes an opportunity for gold to break the huge monthly trendline starting from 2011.
SL: 1254 TP: 1235
?The question mark?: On the monthly timeframe we see that the candle closes below the trendline and not actually over it. This still shows potential for it to go lower.
Note
+ 90 pipsNote
Move SL to breakevenNote
+120 pips
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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.