ForexTrendline

When and how to trade gold?

Short
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
During the last week, gold has been moving and justifying our expectations.


And here is what we're looking for right now.
It''s more likely that we will see a downside continuation. We could be even more confident once we see a break below the 1793,60 level.
This will confirm the downtrend on the hourly chart and we could then expect another push down to 1772 and 1757!

Entries before that are considered more risky and you should be using a smaller lot size.
So if you will be entering now, then make sure to use proper risk and add to your position on the breakout.

Follow us to see what other expectations we have!

✅ JOIN FREE TELEGRAM: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💰 PAID SIGNALS AND ANALYSIS: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
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.