altertraderid

GOLD, possible bearish to the previous year Demand Zone

Short
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Gold currently is looking very bearish and few days ago it already shows exhaustion by going out of the trendline. Correction is almost over and still our target will be on previous year demand zone which located at 1686 range.

Stop Loss should be put just above the previous tallest wick

Drop your likes or follow us if you find this analysis helpful. Thanks!

Disclaimer ON
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.