Hey tradomaniacs,
Looking at GOLD (XAU/USD) we can see a nice tracement and retest that could give bears more power to stack sell-positions.
GOLD is currently hitting the Trendline of the previous contraction ant a strong Resistance-Zone!
Generally it is very risky to execute any position here as the upcoming fundamentals will tell what is going to happen.
ALL TRADES ARE ABSOLUTLEY RISKY!
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
Looking at GOLD (XAU/USD) we can see a nice tracement and retest that could give bears more power to stack sell-positions.
GOLD is currently hitting the Trendline of the previous contraction ant a strong Resistance-Zone!
Generally it is very risky to execute any position here as the upcoming fundamentals will tell what is going to happen.
- Month ending is ending and companies re-balancing and closing their books 👉 +1 Volatility
Non-Farm-Payroll-Week 👉 +1 Volatility
Upcoming US-election 👉+3 Volatility
Discussions about futher stimulus or liquidity for the market 👉+ 2 Volatility
ALL TRADES ARE ABSOLUTLEY RISKY!
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
Note
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.
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.