The trend in gold is higher and no doubt it can go higher still.. BUT
There is a possible short setup
because:
A) It's very overbought relative to its weekly average
B) A Weekly shooting star reveral pattern took place on the weekly chart
C) The daily chart shows a possible breakdown
Thoughts?
There is a possible short setup
because:
A) It's very overbought relative to its weekly average
B) A Weekly shooting star reveral pattern took place on the weekly chart
C) The daily chart shows a possible breakdown
Thoughts?
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Market Analyst for:
WeTrade
wetradebroker.com/education/analysis/jasper/
SpreadEx
spreadex.com/financials
Related publications
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.
Signup to my newsletter:
tradingwriters.substack.com/
Market Analyst for:
WeTrade
wetradebroker.com/education/analysis/jasper/
SpreadEx
spreadex.com/financials
tradingwriters.substack.com/
Market Analyst for:
WeTrade
wetradebroker.com/education/analysis/jasper/
SpreadEx
spreadex.com/financials
Related publications
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.