CoinCaller

GOLD IN KEY AREA FOR SHORT.

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
HERE IS MY VIEWPOINT FOR GOLD , I WILL BE LOOKING TO SHORT AT CURRENT PRICE ACTION IF SIGNS ARE SHOWN. PRICE BROKE CHANNEL AND HAS PULLED BACK FOR A RETEST OF THE KEY ZONE, I ANTICIPATE IT GOING DOWN TO PREVIOUS LOW AS A MINIMUM, AS KNOWN USD NEWS LAST WEEK WAS POSITIVE FOR THE DOLLAR BUT GOLD HAS CONTINUED TO RISE WHICH COULD MEAN A MORE IMPULSIVE MOVE TO THE DOWNSIDE COULD HAPPEN, KEEP AN EYE OUT AND LOOK FOR STRONG PRICE ACTION TO CONFIRM ENTRY. GOOD RR AS ALWAYS SO SENSIBLE TO BE LOOKING FOR SHORTS.
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.