Hello Traders,
we were expecting the shorts to play out pre-NFP but since that did not happen, we are currently anticipating price to react from 1819-1825 for shorts.
The rejection could be just a spike from news events and a quick continuation to the downside.
GOLD is still very bearish and has potential to reach to the 1760 level !
I will not be taking the trade myself, this is just for educational purposes.
Feel free to ask any questions if need be.
Disclaimer:
This is not financial advice, trading entails high risk and is not suitable for everyone.
This analysis is solely for educational purposes
Kind regards,
ETGL TEAM 💛
we were expecting the shorts to play out pre-NFP but since that did not happen, we are currently anticipating price to react from 1819-1825 for shorts.
The rejection could be just a spike from news events and a quick continuation to the downside.
GOLD is still very bearish and has potential to reach to the 1760 level !
I will not be taking the trade myself, this is just for educational purposes.
Feel free to ask any questions if need be.
Disclaimer:
This is not financial advice, trading entails high risk and is not suitable for everyone.
This analysis is solely for educational purposes
Kind regards,
ETGL TEAM 💛
Note
There is a possibility that price could go up to 1829-1832 as well before the drop
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.