Nyerobobs

GOLD:LIKELY SELL SETUP

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
WITH THE GOLD MARKET OBVIOUSLY VERY BEARISH RIGHT NOW, THE PROBLEM NOW IS GETTING A NICE ENTRY POINT

WE COULD PROBABLY GET A GOOD TRADE SETUP WITH A NICE RR IF THERE'S A PULLBACK TO THE SECOND CONSOLIDATION AREA WHICH WOULD PROBABLY MATCH THE 20EMA

THE EMA(20,50.200) ARE GOOD PULL BACK INDICATORS FOR ME



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.