Ambiguous situation Gold
There is an ambiguous situation on gold.
We are trading close to the nearest buyers' zone,
but there are no volumes of buybacks and on the contrary bids are pushing down.
Can go up to 1/2 margin, and from there make a rebound.
That is why I will be out of the market on gold until the situation becomes clearer.
If they can completely cover the segment down with fixing under 2470,
then we will get repositioning downwards and look for sales from the pullback.
But we have not done it yet, the priority is to work on the bullish trend.
There is an ambiguous situation on gold.
We are trading close to the nearest buyers' zone,
but there are no volumes of buybacks and on the contrary bids are pushing down.
Can go up to 1/2 margin, and from there make a rebound.
That is why I will be out of the market on gold until the situation becomes clearer.
If they can completely cover the segment down with fixing under 2470,
then we will get repositioning downwards and look for sales from the pullback.
But we have not done it yet, the priority is to work on the bullish trend.
FOREX|СМЕ - t.me/newwavetrade
Crypto - t.me/kovachcrypto
Crypto - t.me/kovachcrypto
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.
FOREX|СМЕ - t.me/newwavetrade
Crypto - t.me/kovachcrypto
Crypto - t.me/kovachcrypto
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.