Good Morning,
Gold broke down of its high at 3160$. It tried with good momentum to get back into trend but was rejected.
Overall Gold is still in a bullish long term trend however for the purpose of swing trading we are always looking to take advantage of those highs and lows.
I am still holding a short against Gold since its drop and have not looked to exit yet.
Currently we are showing another attempt to retest and break out of its short term bearish trend.
Enjoy!
Gold broke down of its high at 3160$. It tried with good momentum to get back into trend but was rejected.
Overall Gold is still in a bullish long term trend however for the purpose of swing trading we are always looking to take advantage of those highs and lows.
I am still holding a short against Gold since its drop and have not looked to exit yet.
Currently we are showing another attempt to retest and break out of its short term bearish trend.
Enjoy!
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.