KaltoireCapital

Gold keeps breaking new highs everyday, avoid shorting

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hello traders, currently we are in uncharted waters as far as Gold is concerned.
Gold is breaking new highs everyday at ease. This indicates there is enough buying
interest from the big players in the market.

So, at this stage, I would recommend traders to avoid selling Gold. If you want to
sell, you need wait for bearish price action ( consecutive bearish candles in the
daily chart)
However, I do believe that a pullback is around the corner, just
waiting for some bearish PA
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