Gold Spot / U.S. DollarUpdated Short term unclear, bearish medium term, bullish long term
Closing long position on short term (weekly), expecting downtrend to persist although the channel looks promising.
Note
Gold retracts since 20 Nov. We will still monitor where it will head towards. Medium term downtrend still intact, target 50% Fib on larger wave to make LPS.
Note
Still we are right saying that short term in unclear, which shown by the ranging chart. Those who trade very short term can benefit from the range.Note
Defining moment now, it is currently testing the supply line. We see downward bias first.Note
All is well bullish all the wayNote
1800 hit. CheersNote
1900 hit, yeay!!!
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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.