TradingView
DeGRAM
Mar 24, 2023 10:44 AM

DeGRAM | GOLD counter-trend trade Short

GoldOANDA

Description

GOLD is decelerating while approaching a resistance. 

Even though the market is in a bullish trend , price action is printing small candles, indicating losing momentum.

Price action printed a double top with divergence at the resistance level , and price most likely will remain below the psychological level of 2000.

We expect a pullback from the resistance.


-------------------

Share your opinion in the comments and support the idea with Like. Thanks for your support!
Comments
TheSignalyst
yess 2000 is a massive round number and weekly resistance
FirstNameHelen
Totally agree, thanks!
Setupsfx_
Thank you for such an great chart
Tolberti
It's definitely an amazing idea, keep up the good work!
CryptoCheck-
Excellent work here DeGram thanks!
InkyGrip
move lower from here
ceciliones
thanks for sharing
LegionQ8
Do you use any technical indicators ?
WalterMoon
Exceptional work you are doing for XAUUSD
Leo-btm
nice analysis but it looks like a breakout soon for me
More