Hey guys, this is what I think about Gold next week.
The trend remains bearish until it is broken.
I see a nice structure resistance at 1183 which coincides with a ABCD pattern completion.
My take is to continue shorting Gold with stop loss around 1200.
Conservative TP will be at last week's low around 1160.
EP: 1183
SL: 1200(17)
TP: 1160 (23)
The trend remains bearish until it is broken.
I see a nice structure resistance at 1183 which coincides with a ABCD pattern completion.
My take is to continue shorting Gold with stop loss around 1200.
Conservative TP will be at last week's low around 1160.
EP: 1183
SL: 1200(17)
TP: 1160 (23)
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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.