Analysis: Gold is still ranging around the 50 DEMA. I am still bearish on gold and I will be bearish until we finally reach the 1500-1600$ zone. Once we managed to hit the bottom of the bearish trendline support zone, I will add long positions, as I expect a strong V shape recovery from there. Right now I am adding some low size short positions from the current price level.
Trade active
We have some good result so far.
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.
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.