Gold Spot / U.S. Dollar
Short
Updated

Gold: Near term short play; R/R 4

207
Seeing some near term weakness in Gold, and I think it could go lower than my Target Profit 2 level.

However, getting R/R4 at TP1 level isn't too shabby. Will reevaluate again if it does go to TP2 level.

Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.

If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
Note
Nice rejection at my entry point!
Trade closed manually
Looks to be reversing!

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.