Boomer gold is still bearish, but shorting here has low R/R
This is a mean reversion trade
For tokenized gold, I personally prefer PAXG, but XAUT is fine too if your broker/exchange doesn't have PAXG.
As always,
Not a financial advice.
BTCUSD
XAUUSD
PAXGUSD
XAUTUSD
This is a mean reversion trade
- High volume profile node
- D1 RSI oversold - potential mean reversion
- Price is far from D1 kijun - potential mean reversion
- Dumped harder than the other precious metals
- Millenial gold (BTC) might've just bottomed and may help boomer gold's recovery
For tokenized gold, I personally prefer PAXG, but XAUT is fine too if your broker/exchange doesn't have PAXG.
As always,
Not a financial advice.
BTCUSDXAUUSDPAXGUSDXAUTUSD
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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.