My idea is a short position
Gold is in a 4-hour chart inside a strong bearish channel. In the lower chart, it is inside a descending channel, which must reach a price of at least 1770 to reach the ceiling of the channel.
According to US news, the Federal Reserve and their decision on bonds and interest rates, the dollar is unlikely to fall this week.
The idea of most traders is a long position. But I suggest the short position until the end of the market working hours.
Please like and follow me
According to US news, the Federal Reserve and their decision on bonds and interest rates, the dollar is unlikely to fall this week.
The idea of most traders is a long position. But I suggest the short position until the end of the market working hours.
Please like and follow me
Trade closed: target reached
Yes . It went near the first target and the market closed
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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.