Yesterday's Take profit hit, engaging new Short on Bear wave
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As I noted yesterday, Gold is in inevitable Bear market. Now, we got space for small correction on Gold, but in meantime, DX had a Bullish confirmation which was a catalyst for Bearish wave on Gold. DX had a strong reversal but technically it should be on a selling pressure since US equities are in huge crisis. Of course, we are engaging a new Short and taking all circumstances in consideration, our main tactic and strategy is not compromised and soon enough we will witness new Bearish session on Gold.
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- I do provide professional Gold consulting (signals and financial advice) as well as #1 on #1 mentorship.
- Trading Gold since #2012'.
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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.