mizangenie

mizangenie Idea for GOLD today

OANDA:XAUUSD   Gold Spot / U.S. Dollar

My view on gold today.. its looking really bearish especially tapping weekly low imo it looks like its going to make more lower lows. Today with have sentiment in 2 hours and be ready for gold to take out a lot of sellers looking for sell entries as shown with paths. on the flips Side if gold decided to not drop lower and destroy bears today have a idea on gaps from last weeks drops to be filled. I'm sure a lot of traders are looking gap to fill starting from1890 to 1957. yesterday it hit I guess it didn't want it these gaps don't have to fill just a theory if it does.

Overall looking for sell entries be sure to wait for confirmation and risk management.
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.