TradingView
ForexTrendline
Jul 26, 2021 11:21 AM

Gold at fine sell levels!  Short

GOLD / U.S. DOLLARICE

Description

What to expect from gold - let's see the chart.
- downtrend on H1
-resistance on H1
-61.8% of the last move
-reversal candles

All those basis as well as what we currently see present to us a good sell opportunity.

While price is still below previous highs there's only one direction - down. That means we should be using stop loss and looking for targets at 1775.

When you analyse the market don't look at it from an emotional point of view, but be rational!

👍 Please support this idea with like and comment so we can help more people together.
Thank you in advance! 🙏

Comment

27.07.2021
Comments
MMBTtrader
have same idea
ForexTrendline
@MMBTtrader, Good analysis! :)
f65ab8014a244d1a850e530966a980
you were wrong. why do you mislead people?
MarketAnalysis-
Very nice of you to post this. Solid idea and great explanation of your thoughts.

Sorry if it is a newbie question, but what does H1 mean?

Thanks.
azadsln1995
GOOD TRADE LINE AND S/R
ForexTrendline
@azadsln1995, Thank you!
TradeDRR
Perfect as always
ForexTrendline
@TradeDRR, thanks!
SignalProvider
My technical analysis shows that you are correct!
Well done
ForexTrendline
@SignalProvider, Thank you!
More