It was my earlier believe that GOLD was a sell, but missed the point of breakout. That's ok and it can happen to all of us.
Back to business. The pattern seems to resemble a false bull flag, and we are overbought as well. This may suggest SELL strategy and fall-back towards $ 4,250 area.
Strategy SELL @ $ 4,400-4,425 and take profit at $ 4,260 for now.
Back to business. The pattern seems to resemble a false bull flag, and we are overbought as well. This may suggest SELL strategy and fall-back towards $ 4,250 area.
Strategy SELL @ $ 4,400-4,425 and take profit at $ 4,260 for now.
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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.