GOLD XAUUSD - HAS IT HIT THE TOP? TIME TO SHORT IT? SEE ANALYSIS
Hello tradingviewers,
-As we seen this week, GOLD has broken a key level and got to higher highs since 2011, although I do not believe people should jump into it too fast although I am at heart very bullish in GOLD, could even see it to 2000$ !
-But as of right now, we are at a key resistance level area near 1921$ and as we can see through history back in 2011, GOLD never reached beyond that, but ended up correcting very heavily turning in to a bearish market bottoming in the 1050$ area.
-For now, I will be shorting GOLD for a minor correction until I see more bulls coming in to push price (overbought at the moment) , I am currently eyeing a correction sub-1800s and than we will probably move back up...but we will see until than for my next analysis.
Thank you for looking into my technical analysis I hope you a happy & safe trading ... My GOAL is to help people make money & show AUTHENTIC + TRANSPARENT track record of my success/failures in the forex market and stock market.
PEACE OUT ! MUCH LOVE !
-As we seen this week, GOLD has broken a key level and got to higher highs since 2011, although I do not believe people should jump into it too fast although I am at heart very bullish in GOLD, could even see it to 2000$ !
-But as of right now, we are at a key resistance level area near 1921$ and as we can see through history back in 2011, GOLD never reached beyond that, but ended up correcting very heavily turning in to a bearish market bottoming in the 1050$ area.
-For now, I will be shorting GOLD for a minor correction until I see more bulls coming in to push price (overbought at the moment) , I am currently eyeing a correction sub-1800s and than we will probably move back up...but we will see until than for my next analysis.
Thank you for looking into my technical analysis I hope you a happy & safe trading ... My GOAL is to help people make money & show AUTHENTIC + TRANSPARENT track record of my success/failures in the forex market and stock market.
PEACE OUT ! MUCH LOVE !
PEACE OUT & MUCH LOVE !
-DMJ