Gold Shorting Idea for a retracement
Gold is now in a very crucial price to get short. We could see a retracement in order to continue for an uptrend. The confirmation influenced by breaker block and a bearish OB in a 4H. We also have to keep in mind that the price is now in a supply zone.
1976 will be the SL.
TP1: 1961
TP2: 1954
Trade on your own risk.
GL
1976 will be the SL.
TP1: 1961
TP2: 1954
Trade on your own risk.
GL
Trade active
The 3 Orange lines are the potential reversal points that we can expect. 1969.51 BB
1971.56 -OB
1873.71 The last reach point.
Trade closed: stop reached
PPI news at 8:30 has been positive. But Gold didn't fall as expected. A small dip went down but went up again. Why? Because of the war news, gold seems to be strong bullish.
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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.