GOLD trading lower on a downtrend
Hi all,
I'd say the best way to ride the trend downwards with GOLD is to use a 50MA as your resistance line and just keep in at it all the way until the market stops you out. Let me know you thoughts on this bit, as I see the 50MA is surprisingly relative to the price movement for GOLD at this time of year.
Cheers!
I'd say the best way to ride the trend downwards with GOLD is to use a 50MA as your resistance line and just keep in at it all the way until the market stops you out. Let me know you thoughts on this bit, as I see the 50MA is surprisingly relative to the price movement for GOLD at this time of year.
Cheers!
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.
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.