Gold Short below 1900 (Medium term)
By looking into Gold Daily time frame, we can see gold is in a bigger corrective structure now which is developing from the last 6 months almost. The recent sell off from the 1955-1960 gave us the hint of the further weakness. A bull flag pattern also developing in the daily time frame which indicates that the bigger direction is towards the up side.
The H4 is making head & shoulder pattern in my opinion and i do like the idea of shorting the pair until it is sustaining below 1900 - 1910$ area.
This upcoming sell of (which is of course my opinion only) could be the 3rd touch of the lower band of a bull flag around 1730 region.
I will look for the short opportunities for Gold with the target of 1780-1800$ area.
The analysis will become invalid if it breaks higher above 1900$.
Wish you all the best.
The H4 is making head & shoulder pattern in my opinion and i do like the idea of shorting the pair until it is sustaining below 1900 - 1910$ area.
This upcoming sell of (which is of course my opinion only) could be the 3rd touch of the lower band of a bull flag around 1730 region.
I will look for the short opportunities for Gold with the target of 1780-1800$ area.
The analysis will become invalid if it breaks higher above 1900$.
Wish you all the best.
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.