🔸Hello traders, today let's review 8hour price chart for gold. Downtrend in progress
currently, rejected from overhead resistance at 2055 usd, weak bounce got sold.
🔸Recent swing lower started once we got rejected at 2080 usd on heavy volume,
bears took over, currently I recommend to focus on short selling rips/rallies,
upside is limited/capped by 2055 usd.
🔸Recommended strategy bears: short sell rips/rallies, TP1 bears is 2025 usd
TP2 bears is 1985 usd, expecting sell side pressure to accelerate once we get a clean
breakdown of s/r at 2020 usd. good luck traders!
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
currently, rejected from overhead resistance at 2055 usd, weak bounce got sold.
🔸Recent swing lower started once we got rejected at 2080 usd on heavy volume,
bears took over, currently I recommend to focus on short selling rips/rallies,
upside is limited/capped by 2055 usd.
🔸Recommended strategy bears: short sell rips/rallies, TP1 bears is 2025 usd
TP2 bears is 1985 usd, expecting sell side pressure to accelerate once we get a clean
breakdown of s/r at 2020 usd. good luck traders!
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Note
expecting break down later this weekTrade active
final TP almost hit, trading at 1990 usd right now.taplink.cc/black001
💎Syndicate Black
⚡️Gold/Forex auto-trading bot
📕MyFXBOOK verified 500%+ gains
💎GOLD EA target 100%+ gains/week
🚀supercharge your trading
💎75% win rate free gold signals
t.me/syndicategold001
💎Syndicate Black
⚡️Gold/Forex auto-trading bot
📕MyFXBOOK verified 500%+ gains
💎GOLD EA target 100%+ gains/week
🚀supercharge your trading
💎75% win rate free gold signals
t.me/syndicategold001
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.
taplink.cc/black001
💎Syndicate Black
⚡️Gold/Forex auto-trading bot
📕MyFXBOOK verified 500%+ gains
💎GOLD EA target 100%+ gains/week
🚀supercharge your trading
💎75% win rate free gold signals
t.me/syndicategold001
💎Syndicate Black
⚡️Gold/Forex auto-trading bot
📕MyFXBOOK verified 500%+ gains
💎GOLD EA target 100%+ gains/week
🚀supercharge your trading
💎75% win rate free gold signals
t.me/syndicategold001
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.