harisonhbn9718

Gold in short temporaly timeframe

Short
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Well, in this second technical analysis what I make, I see a Gold bearish until the $1,722 USD until this price, because, rememebr we are in the formatin of shoulder head shoulder inverted, and so, I make a shorting movement to earn benefits in short time until the gold form the next right shoulder what is working. And so, I use 3 EMAS:

1. EMA 100
2. EMA 50
3. EMA 21

For proyect what gold make!!!, for this moment in H1 timeframe.


But if you see in this timeframe M30, I can see that gold want to active my sell order limit at 1,738 USD. And so, this is very interesting what Gold want to leave at the red EMA 50.
Trade active: We followingi in short, the trend of Gold is prepare to make a sell it. If you entry at the zone of $1,738-$1741 USD it's okay, only we need that Gold make their work.
Trade active:
In the past hours, Gold has demonstrate that doesn't have force maybe in microtrend. So, in H1 gold has a bearish divergence in the RSI and price action, so that indicate a possible correction to find down the right shoulder and later pump to the moon a Gold AT $1770 USD, but this is a great opportunity to earn money and pips in Gold. Remember, guys, there are a lot tension in US, gold can be to up the price or still in this range until the technical analysis going to make in my favor.

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.