Short

Gold : Bearish Crab

Updated

Potential short for a pullback on gold. Previous structure resistance might act as support in confluence with the .382 retracement (price target 1) for bullish continuation.

Trade closed: target reached

Target 1 executed. Stop Loss rearranged to break even.

Trade closed: stop reached

Bullish continuation granted. Broke even on Dec. 19th.

Note

1.272 extension validated. Gold is looking healthy in current market conditions.

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.