0609 GOLD simple strategy now just to sell
Updated
Hello traders,
Now we got a clear clue on 4H chart for gold.
It made a bearish bowl top and broke the green trend line and made the first support zone become a resistance zone.
This is a opposite way as our weekly outlook on GOLD. So we would like to concern it as a corrective wave first and follow 4H chart to go.
Down there in this idea, there are 3 support zone as targets. Waiting for a retest EMAS with selling signal to open trade down to this supports.
GOOD LUCK ON THIS PLAN.
LESS IS MORE!
Now we got a clear clue on 4H chart for gold.
It made a bearish bowl top and broke the green trend line and made the first support zone become a resistance zone.
This is a opposite way as our weekly outlook on GOLD. So we would like to concern it as a corrective wave first and follow 4H chart to go.
Down there in this idea, there are 3 support zone as targets. Waiting for a retest EMAS with selling signal to open trade down to this supports.
GOOD LUCK ON THIS PLAN.
LESS IS MORE!
Note
Let's go back to review this weekly outlook.You could see the weekly channel seems working on pressure price down.
So, keep eyes on 4H chart to follow the current swing first then check on weekend again to see which weekly chart make more senses.
Note
Course and daily analysis sent via email, to sub via web:
signalsofswingtrading.com
Wechat: ziyuvera
Tele: t.me/VeraFuntrader
signalsofswingtrading.com
Wechat: ziyuvera
Tele: t.me/VeraFuntrader
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.