As described with the chart, gold reach almost 5 month highgs, and retesting diagonal trendline from previous left side low. as we can see, the possibility of dropping will increase after failed to break the high area around 1557.
i reccomend sell after it reach the zone between 1550 - 1560, withs stoploss above 1565.
let see what will happen, if the pattern works or not.
i reccomend sell after it reach the zone between 1550 - 1560, withs stoploss above 1565.
let see what will happen, if the pattern works or not.
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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.