Xau/Usd Gold
This week I'm going to be in shorts for gold . I'm already in a short position at 2662 . If you look at the weekly timeframe we are at a resistance and all time highs . We been consolidating on the h4 timeframe but I do expect a downside move to the -0.27 or -0.6186 before taking buys . Yes , its pretty obvious gold is overall bullish especially since its a safe haven and everything going on in the world right now but before we buy we need a daily / weekly pullback . For now I recommend following the h4 as your main timeframe .
This week I'm going to be in shorts for gold . I'm already in a short position at 2662 . If you look at the weekly timeframe we are at a resistance and all time highs . We been consolidating on the h4 timeframe but I do expect a downside move to the -0.27 or -0.6186 before taking buys . Yes , its pretty obvious gold is overall bullish especially since its a safe haven and everything going on in the world right now but before we buy we need a daily / weekly pullback . For now I recommend following the h4 as your main timeframe .
Note
H4 : Head and Shoulder Pattern
Trade closed: target reached
- TP1 -27.00% was hit 
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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.