TradingView
VasilyTrader
Oct 30, 2019 7:52 AM

GOLD: Important Warning!!! Long

GoldOANDA

Description



this is my weekly update for gold .

currently, I don't have any active position.
However, based on the question that I received this morning
I see that many traders missed yesterday's selling rally and still want to jump in.

Analyzing structure on the left, we can easily notice that gold has reached a key support level .
+we see a formation of a dodji candle and multiple rejections.

For this reason, I think it is late to sell the market,
I think the price will retrace from the identified support.

*If you want more ideas on gold , please, support the idea with like and leave a comment, thanks :)
Comments
kingpip4
i dont have that doji on my chart
;)
VasilyTrader
@RobinTrader3, ahhahah lol)
tahmid_1
I really like this idea and it matches with my own analyses, thanks for sharing this!
VasilyTrader
@tahmid_1, welcome, Tahmid!
VasilyTrader
Share your ideas and thoughts on GOLD here!
More