Hello Traders,
After the long run of bullish trend, currently, gold has been movement between the zones or ranges as a distribution before the continuation or end up the price to retrace the trends.. therefore if the price will be respected by the recent resistance, I would consider looking for a short opportunity.
Please see the market behavior at region 1814 levels to have further consequences price action.
Before taking this idea please mind your core principles of your trade confluences with proper risk reward management.
***** Disclaimer ******
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions.
Moreover, if you like my ideas and do take the same trade, please write it in the comment so we can manage the trade together.
Thank you for your support!
After the long run of bullish trend, currently, gold has been movement between the zones or ranges as a distribution before the continuation or end up the price to retrace the trends.. therefore if the price will be respected by the recent resistance, I would consider looking for a short opportunity.
Please see the market behavior at region 1814 levels to have further consequences price action.
Before taking this idea please mind your core principles of your trade confluences with proper risk reward management.
***** Disclaimer ******
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions.
Moreover, if you like my ideas and do take the same trade, please write it in the comment so we can manage the trade together.
Thank you for your support!
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.