XAU/USD Sell Update; price may fall till 1980
Updated
Hello traders and the entire Tradingview Community! I am publishing an
update of my sell idea from 3 January. As you are aware, we sold Gold@2072 level
and our trade has generated over 500 pips worth of profit so far.
Currently, price action is still looking bearish. The next meaningful support
lies at the 100 day ema around 1983 and the moderate horizontal support@1976.
So, currently, I am not looking to any buys in Gold. My plan is to sell the rallies
with 1980 as the target.
update of my sell idea from 3 January. As you are aware, we sold Gold@2072 level
and our trade has generated over 500 pips worth of profit so far.
Currently, price action is still looking bearish. The next meaningful support
lies at the 100 day ema around 1983 and the moderate horizontal support@1976.
So, currently, I am not looking to any buys in Gold. My plan is to sell the rallies
with 1980 as the target.
Note
Gold is still bearish, waiting for a pullback before selling again
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.