Gold has reached the TOP? Time to short Gold?
Gold has been bullish for more than 28 months strike. It has also been topped the 3000 level.
When everybody rush for gold, I think we need to examine our position again.
If we look further on the lower timeframe, let's say H1; we can see vividly gold is creating the perfect Head and Shoulders pattern. I think, it's time to take a reverse position to start shorting the gold.
Gold has been bullish for more than 28 months strike. It has also been topped the 3000 level.
When everybody rush for gold, I think we need to examine our position again.
If we look further on the lower timeframe, let's say H1; we can see vividly gold is creating the perfect Head and Shoulders pattern. I think, it's time to take a reverse position to start shorting the gold.
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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.