although I have an active selling position on gold , many traders hesitate to enter right now and don't know what to do.
Indeed for quite a long time gold is very very passive. Those who are looking for a confirmation signal, pay attention to a symmetrical triangle that the market is now following.
Breakout of it will be a good trigger and you can base your trading plan on that.
symmetrical triangle can be broken to both sides, however, my suggestion is to trade only in case of bearish breakout, because a profit potential for bullish breakout is quite limited.
Nice technical analysis but everyone is waiting for a catalyst to drive the gold market like an equity sell off. Should be focusing on that to determine where gold goes! US indices are encountering resistance going up any higher and little if any dry powder is left to drive it higher. Good luck everyone!🤓
najmpwut
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Gold goes up to ruin ur plan and goes up to1530 and comes down to 1410 we'll see.