Get started
laughingchartist

Gold [1-3 weeks view]

Short
Gold Spot / U.S. Dollar (FOREXCOM:XAUUSD)  
laughingchartist Updated   
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators Gold commodity Forex trading investing Technical Analysis charting thelaughingchartist
4
0
trendanalysis chartpattern indicator gold commodity forex trading investing technicalanalysis charting thelaughingchartist
Short Gold
Entry: 1287
SL: 1297.15
TP: 1245.25

  • Gold expected to be bearish below 1297 towards 1260.50 followed by 1245.25.
  • Price is holding below descending trendline resistance and also broke the pullback support line (now resistance).
  • Long term, gold is in a downtrend
Trade closed: stop reached:
Stop taken out. Position Closed.
Suppose one of you wants to build a tower. Won’t you first sit down and estimate the cost to see if you have enough money to complete it? - Luke 14:28
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.