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VasilyTrader
Sep 12, 2020 11:06 AM

GOLD (XAUUSD): Weaker and Weaker!!! What's Next??? Short

GOLD (US$/OZ)TVC

Description



Gold is becoming weaker and weaker.

lower highs are closer and closer to a yellow horizontal daily structure support.
this trading week the market was phenomenally slow and we didn't see even 1 strong bullish/bearish candle.

currently, it is better to stay away from gold and wait until the market will start moving.
I am waiting for a high momentum bullish/bearish candle to break either current structure support to the downside or the last lower high level to the upside to look for some opportunities.

for now just patience.
let's see how long the price will keep being paralyzed.

Comments
VasilyTrader
Do you agree with my observations?
Gemmab82
👍
VasilyTrader
@Gemmab82, thank you!
Subrato-Nandi
It looks undergoing
VasilyTrader
@Subrato-Nandi, thank you for comment)))
audiogeek91
Looks like a descending triangle. Hopefully see a good breakout soon :)
VasilyTrader
@audiogeek91, thank you for comment my friend!
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