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jamesmargetts
Aug 2, 2020 11:50 AM

Gold Sell - H4 Time Frame Short

Gold/U.S. DollarFXCM

Description

This week I am expecting price to sell from the 1980 region as a correction to the long term bullish trend . As per the chart we can see a triple top, and technical indicators suggest that a big correction is long over-due. If no extra stimulus packages are announced, I would target 1900 on the H4 time-frame with a potential to go as far as 1850. At this level, I'd be very interested in buying long term to reach the $2,000 level and beyond.
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