GOLD IS LOOKING MORE BEARISH BY THE DAY
the longer gold continues to move sideways into consolidation the more intense this breakout become.
you can see gold is now forming a triangle and it currently at the tip. a breakout can occur anytime now.
the more gold reject 1860 the more its likely to fall. really hoping gold can break this level before this week is over or i will be looking to short gold.
keep in mind that this is a 1hr chart - a lower average of the entire gold market. gold still remains bullish on the daily timeframe.
short term sell pressure:
en: 1850 sell the break
target: 1830
short term buy pressure:
en:1865 buy the break
target 1890
*my stoploss is max 50-70 pips- if your equity cant do this, please dont overleverage!
the longer gold continues to move sideways into consolidation the more intense this breakout become.
you can see gold is now forming a triangle and it currently at the tip. a breakout can occur anytime now.
the more gold reject 1860 the more its likely to fall. really hoping gold can break this level before this week is over or i will be looking to short gold.
keep in mind that this is a 1hr chart - a lower average of the entire gold market. gold still remains bullish on the daily timeframe.
short term sell pressure:
en: 1850 sell the break
target: 1830
short term buy pressure:
en:1865 buy the break
target 1890
*my stoploss is max 50-70 pips- if your equity cant do this, please dont overleverage!