Gold prices have been on a decline, starting at $1947.50. Despite several attempts, it has failed to regain its bullish momentum at various crucial levels, as observed in last week's trends. Today, I don't expect a bullish turn in gold prices and anticipate the downward trend to continue, potentially reaching a level of $1,908.70. As a result, I'm placing a sell order at this point, and we'll see what unfolds next.
Disclaimer: The information and opinions shared in my trading discussions and posts are for educational and informational purposes only. They should not be considered as financial advice or recommendations. Trading involves risks, and it's important to conduct thorough research and consult with qualified financial professionals before making any trading or investment decisions. I do not guarantee the accuracy, completeness, or timeliness of the information provided, and I am not responsible for any losses or damages that may result from your trading activities. Always trade responsibly and consider your individual financial situation and risk tolerance.
Disclaimer: The information and opinions shared in my trading discussions and posts are for educational and informational purposes only. They should not be considered as financial advice or recommendations. Trading involves risks, and it's important to conduct thorough research and consult with qualified financial professionals before making any trading or investment decisions. I do not guarantee the accuracy, completeness, or timeliness of the information provided, and I am not responsible for any losses or damages that may result from your trading activities. Always trade responsibly and consider your individual financial situation and risk tolerance.
Trade closed: target reached:
First Strong Wave Reached $1,908.70.
Trade closed: target reached:
Second Strong Wave Reached $1,897.00
Comment:
Trend Outlook 1hr chart ;
