After a prolonged downtrend, Gold is still bearish and looks to be heading down for another leg.
I have taken a low-risk short expecting a short-term bearish move to the next support level.
As the trend is already very extended, I am not looking for a large move, and I am ready to get out once the momentum changes or once price reaches the next level of support.
I have taken a low-risk short expecting a short-term bearish move to the next support level.
As the trend is already very extended, I am not looking for a large move, and I am ready to get out once the momentum changes or once price reaches the next level of support.
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Telegram: t.me/synapsetrading
Youtube: bit.ly/2AaUK4C
Twitter: bit.ly/2DLoV6X
Related publications
Disclaimer
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Free video tutorials: wp.me/P1riws-7uH
Free trading signals: wp.me/P1riws-7E8
FB group: bit.ly/2zfCGXy
Telegram: t.me/synapsetrading
Youtube: bit.ly/2AaUK4C
Twitter: bit.ly/2DLoV6X
Free trading signals: wp.me/P1riws-7E8
FB group: bit.ly/2zfCGXy
Telegram: t.me/synapsetrading
Youtube: bit.ly/2AaUK4C
Twitter: bit.ly/2DLoV6X
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.