Gold - Completing retracement before continue going south
Weekly - Evening Star (Bearish)
Daily - Hammer (Bullish)
The gold had broken several bullish trendline and currently making a continuation to south based on the previous move. However, towards end of Friday trading seesion, price had rejected a resistance become support and currently making a short term retracement to the bearish movement. I'm currently looking at the completion of this retracement prior to making additional short position for gold.
Daily - Hammer (Bullish)
The gold had broken several bullish trendline and currently making a continuation to south based on the previous move. However, towards end of Friday trading seesion, price had rejected a resistance become support and currently making a short term retracement to the bearish movement. I'm currently looking at the completion of this retracement prior to making additional short position for gold.
Note
Positions trigger.
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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.