Gold short
Since last week I have been keeping gold from 1303 with an initial stop at 1307. In this range, there was a key margin zone of resistance, price levels and a large infusion of point volumes.
Now the price is in the area of important support with a key core volume, where the DPOC also confirms the strength of the zone. I believe that without correction thies zone will be very difficult and the general priority, so far, is down.
Now the price is in the area of important support with a key core volume, where the DPOC also confirms the strength of the zone. I believe that without correction thies zone will be very difficult and the general priority, so far, is down.
Trade active
As shown earlier, a correctional upward movement to 1285 is expected for gold.Further thoughts will be built on the basis of how the price will go through the zone 1285-1290 and is very possible from the specified zone, a rebound down to the continuation of the downward trend. I will monitor the response and injection volumes.
Trade closed: target reached
Order cancelled
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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.