Gold shows signs of exhaustion
After the rapid rise in the gold price last week, the market has recently consolidated and is showing signs of forming a top.
On H1, a break in the market structure has occurred, resulting in a beginning bearish trend.
We open a short position with an RRR of 1.88:1 and target the zone from which the price broke out upwards last week.
On H1, a break in the market structure has occurred, resulting in a beginning bearish trend.
We open a short position with an RRR of 1.88:1 and target the zone from which the price broke out upwards last week.
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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.