Gold showing shorting opportunities
As we look at gold from the view of the month it is still inside the flag pattern and when we go to weekly we can see gold at the resister of a trend and on the 38.2 retracement level when using a Fibonacci retracement meaning on the weekly view we expecting gold to confirm the rejection and go down as on a daily view we saw last week that it has finally broken the neckline of the double bottom that was formed and we expecting the market to now go back down and retest the neckline of the double bottom before we will be looking for long opportunities..
That is my view on gold please comment and tell me what you see or think..
Thank You.
That is my view on gold please comment and tell me what you see or think..
Thank You.
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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.