Gold is going downtrend now ?
Updated
As you see in the chart, the gold was evolving in a 8$ range (1780-1788) since yesterday and seems so have hard time breaking it by the top side, in my opinion there is a good opportunity to re integrate the uptrend channel below the current price as you see on my chart, and could at least go the the bottom of this channel which is 1770-1773 area, good moment to catch a hundred pips intra day short trade. I put my SL at 1792, in case he test the resistance at 1788-1790 area, if the daily candle close above 1792-1795, we could expect a big rise toward 1800-1810 area.
If you liked this analysis, please crush the thumb and let me know your opinions in comment, i'm very new doing and posting analysis in Trading View.
If you liked this analysis, please crush the thumb and let me know your opinions in comment, i'm very new doing and posting analysis in Trading View.
Note
I'm talking about downtrend for today and tomorrow maybe, but for the very long term (swing style) it's clearly going uptrend and gonna break the 1800 resistance.Note
Who follow my idea guys ?? Let me a comment below, it's now 100 pips profit i'm closing 80% of the position to enjoy my profit and make a 50 pips trailing stop in the 20% remaining
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