Gold possible bounce & rejection
Watch out and wait for the next bar
- Current bar seems like a price rejection from supply zone
- If this zone is tested again, close the position because most probably it would fill the size of wick
- It may test the upper line of triangle, which is a resistance here
Note
it's better to see today's bar finished. It may reach the resistance and after one can go short
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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.
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.