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Gold Spot / U.S. Dollar
Short
Updated

Gold approaching a minor resistance

922
snapshot

hey traders,

I am still looking for short trade on gold.
and now I have found one more potential selling area!

I have projected a falling trendline based on the two recent market highs.
As you can see the market is approaching this line once again right now.

Looking left we also can notice that here we have some minor resistance level.

ATTENTION:
to avoid a losing trade, again
be focused on this rising wedge on 4H chart,
bearish breakout of it will be your confirmation.
snapshot

good luck!
Trade active
Note
the market has respected the identified level of resistance
and bears broke the rising wedge support
snapshot
Note
Stop to breakeven
Note
market is very close to the target
Trade closed: target reached
VasilyTrader
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Chart PatternsCommoditiesGoldgoldsignalsgoldtradingMetalssignalsTrend AnalysisWave AnalysisXAUUSD

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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.
Chart PatternsCommoditiesGoldgoldsignalsgoldtradingMetalssignalsTrend AnalysisWave AnalysisXAUUSD
VasilyTrader
✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel youtube.com/c/VasilyTrader

✅ Facebook: facebook.com/VasilyTrading/

⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Also on:

Related publications

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.