The pair still may go little higher over time, but my NEUTRAL SELL stance is due to the fact we have higher GOLD prices once again, and also shorter time frames are slightly negative, and my trend type indicator suggest deeper move lower.
Overall indicators still provide a chance of some recovery, but feel focus is down first.
Strategy SELL @ 18.0750-18.1150 and profit level somewhere 17.8875 for now.
Overall indicators still provide a chance of some recovery, but feel focus is down first.
Strategy SELL @ 18.0750-18.1150 and profit level somewhere 17.8875 for now.
Order cancelled
I am not in favor this morning for this direction. It starts building up a case for moving higher. will update a new chart later.
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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.