Gold may be heading down.
GOLD has reached a major resistance point on the daily chart. Plus I have identified a triangle is starting to form maybe because GOLD will consolidate before taking another big move. We are entering a SHORT position aiming to the bottom line of that triangle with the SL set just above the prior high.
Trade active
Open SHORT at 1353.83 with SL at 1366.5 having a target at 1317.34Note
Taking some profits from this thing. Waiting for it to reach the bottom part of the triangle.Trade closed: target reached
We hit 1317.34 a few days ago, I forgot to update this.
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.