Hello Traders,
So looking at gold it seems to me that it will continue to push further down, it likely will re-test the weekly highly respected support zone, which is still fairly far away.
We recently also established a bearish engulfing candle as confirmation to enter short, a stop loss just above the 25-50 moving averages could give a good trade + risk-reward.
Reminder that GOLD is heavily influenced on the fundamentals so any news event could influence a sharp move towards the opposite side so be careful!
So looking at gold it seems to me that it will continue to push further down, it likely will re-test the weekly highly respected support zone, which is still fairly far away.
We recently also established a bearish engulfing candle as confirmation to enter short, a stop loss just above the 25-50 moving averages could give a good trade + risk-reward.
Reminder that GOLD is heavily influenced on the fundamentals so any news event could influence a sharp move towards the opposite side so be careful!
Telegram ⏩ t.me/freettrsignals
YouTube ⏩ linktw.in/ueTGhN
YouTube ⏩ linktw.in/ueTGhN
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.
Telegram ⏩ t.me/freettrsignals
YouTube ⏩ linktw.in/ueTGhN
YouTube ⏩ linktw.in/ueTGhN
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.