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DK_Investment
Nov 2, 2020 10:23 AM

Gold - weekly update - sell on 4H Long

GOLD (US$/OZ)TVC

Description

Dear traders and followers,

welcome to our weekly gold market update !

Last week we have seen a strong sell out as expected in our latest Gold analyses.

For this week we search a new good sell entry for those of you how toke profit last Thursday.

A good new short/sell entry is in the market after price failed to break and close above 1900 $. Take profit is our final sell target at 1845 - 1850 $.

US president elections will bring volatility within the markets.

MACD & RSI indicators are explained in the chart.

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Comment

Market reached the sell area. Wait for sell confirmation trough sideways movement. Don't open short if the market breaks the 1910 $ area within the next 12-24 hours

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