Gold has been dropped for a week, and we are still on the down trend channel now. Do not easily go long until you see a bullish sign or conformation, if you shorted long time ago, you can go ahead and close some of your positions.
2 ways for gold in my opinion:
for bulls or potential cup n handle formation: my tg is 1333-->1338-->1346, and we may get a bullish trend for there
for bears, since we are still on the down trending channel, i'd like to see 1310-->major support 1306-->RIP
GL and happy trading, here's your potato.
2 ways for gold in my opinion:
for bulls or potential cup n handle formation: my tg is 1333-->1338-->1346, and we may get a bullish trend for there
for bears, since we are still on the down trending channel, i'd like to see 1310-->major support 1306-->RIP
GL and happy trading, here's your potato.