Hello Traders,
During the early London session, we have identified a potential selling opportunity on Gold. Recent price action suggests that Gold has been struggling to gain bullish momentum, exhibiting a series of lower highs and lower lows on the lower timeframes. Additionally, price appears to be respecting a minor dynamic resistance, reinforcing short-term bearish sentiment.
Given this structure, I am considering short positions with key downside targets at 2999 (previous week's low) for the short term and 2980 as an extended target.
How do you plan to approach Gold trading today? Share your thoughts in the comments.
During the early London session, we have identified a potential selling opportunity on Gold. Recent price action suggests that Gold has been struggling to gain bullish momentum, exhibiting a series of lower highs and lower lows on the lower timeframes. Additionally, price appears to be respecting a minor dynamic resistance, reinforcing short-term bearish sentiment.
Given this structure, I am considering short positions with key downside targets at 2999 (previous week's low) for the short term and 2980 as an extended target.
How do you plan to approach Gold trading today? Share your thoughts in the comments.
Trade active
Gold has pushed up to the upper resistance once more, clearing the Asian high. We should see a drop from here. 
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🔥Free Telegram Channel For Signals👇
t.me/+cJIWSM9RjvgyYzg0
t.me/+cJIWSM9RjvgyYzg0
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.