Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
GOLD waiting for a trigger to sell!
Gold Spot / U.S. Dollar
Short
GOLD waiting for a trigger to sell!
By TheSignalyst
Follow
Follow
Dec 27, 2020
7
9
Cheer
Cheer
36
36
Dec 27, 2020
Hello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: GOLD is sitting around strong resistance 1900 in blue and brown trendline so we will be looking for sell setups on lower timeframes.
on H4: GOLD formed a wedge pattern in red so now we are waiting for our trigger to confirm the bearish movement.
Trigger: Waiting for a momentum candle close below the gray area to sell.
and until the sell is activated, this one would be overall bullish and can still dive inside the blue zone.
As price approaches our lower green support, we will be looking for buy setups.
Good luck!
1800
1900
Chart Patterns
Gold
Technical Indicators
rejection
roundnumber
Support and Resistance
Trend Analysis
TheSignalyst
Follow
Follow
Trading Made Simple; and Rule-Based
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram:
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
Related publications
GOLD - Don't Sell Now! - Video Top-Down Analysis
by TheSignalyst
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
.