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nyamjargal0710
Jan 5, 2022 10:43 PM

GOLD BEARISH Short

GoldOANDA

Description

GOLD still rejected the daily resistance area 1825-1830 and today shows strong rejection from this area again.
Possible Head and Shoulders pattern, also descending channel.
My opinion it might bounce bit to 1820ish but still will be bearish



Goodluck

Comment

Big drop happened today til 1788 - 1795, now seems like it finds the calm spot around there. For my point of view, it's going to be short again and I will wait patiently if it will hit 1795, if not I am thinking it will drop further more til next support. For my trading strategy rnow I am not going to nothing but wait

Thank you for sharing your ideas in the comment
Comments
RITGG
If zoom in on the right shoulder, also forming HnS pattern
nyamjargal0710
@RITGG, Hey thank your sharing, didn't saw that ! :D
nraj001
Gold again rejected 1825-30 level, It doesn't means that it will not go upward.
nyamjargal0710
@nraj001, true that but it doesn't rejected once it rejected couple of times. For me it's key resistance level rnow.
But hey, goodluck
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