Gold --Long or Short?-- 1H
Updated
price didn't break neckline of head and shoulder pattern and just made a fakeout.
so by looking at price action it's bullish right now
but i don't think that here is good place to go long on gold because : price is still downtrending in higher TFs and i'm only waiting for sell signals on gold until price breaks downtrend trendline and closes above it.
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Always use risk management!
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If you liked the idea click like and follow to see more upcoming updates.
I'll be glad to know your opinion in the comments.
This is just a bit of financial advice, do your own research too.
so by looking at price action it's bullish right now
but i don't think that here is good place to go long on gold because : price is still downtrending in higher TFs and i'm only waiting for sell signals on gold until price breaks downtrend trendline and closes above it.
.
.
.
.
Always use risk management!
.
.
.
.
If you liked the idea click like and follow to see more upcoming updates.
I'll be glad to know your opinion in the comments.
This is just a bit of financial advice, do your own research too.
Trade active
reversal pattern in sell zone
based on top down analysis
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