I am long gold at the moment at gold has found support in an up channel. However if thing were to turn around and support becomes resistance and this is validated I will go short. The setup here is quite easy. But easy set ups should not be avoided. People in my opinion can get too complex in their analysis and there is nothing wrong with this. However I think easier is better on my brain.
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Be careful because there is negative divergence on MACD (red lines)Note
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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.