GOLD SWING SHORT SETUP
Gold has seen a strong bullish trend, with a 27% gain year-to-date, largely driven by political and economic dynamics. However, chart analysis suggests the upward momentum may be overextended, indicating the likelihood of imminent institutional profit-taking. In comparison to other assets, Friday's price surge appears more characteristic of stop-loss hunting than a genuine continuation of the rally.
Do not over risk
SL and TP are marked
Do you analyse before taking this trade
Do not over risk
SL and TP are marked
Do you analyse before taking this trade
Trade active
Place your SL anywhere above psychological level 2650
Looking at the dollar index chart, we don't see a push to go that high
Trade active
60+ pips in profit
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.
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.