TradingView
DollarYenQueen
Jan 4, 2023 9:55 PM

Gold Short - Hourly Chart Short

Gold/U.S. DollarFXCM

Description

I am expecting Gold to see some retracement after a rise to price 1860.00. MA's are currently rallying at the current price point and once they converge we should see a push downwards.
There is a strong likelihood that the dollar will continue to gain strength in the next couple of days which will weaken the price of Gold .

Sell Entry: 1848.00
Targets: 1844.00 | 1840.00 | 1836.00 | 1833.00 | 1829.00 | 1827.00
Support: 1824.00

Be sure to like this post and let me know what you think in the comments below.

Trade closed: target reached

Comments
DollarYenQueen
@Ayrrnee, for USDJPY
More