TradingView
Signal_Centre
Jun 5, 2020 6:37 AM

GOLD - A break of support at 1706.5 to trigger more selling? Short

Gold / U.S. DollarFOREX.com

Description

[Sell Stop] Gold is Bearish - We look to Sell a break of 1706.50

▪️ Negative overnight flows lead to an expectation of a weaker open this morning.
▪️ We have a 50% Fibonacci pullback level of 1717.41 from 1745.35 to 1689.46.
▪️ Selling posted close to the previous high of 1721.87.
▪️ A break of 1706.90 is needed to confirm follow through negative momentum.

Stop: 1713.70
Target1: 1689.50
Target2: 1685
Comments
Touqeer87
That was a great analysis I have earned 90$ with 1685 tp... Thank you
More