Cornhub

Gold on short term perspective

FX:XAUUSD   Gold/U.S. Dollar
62 1 3
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.
Annette
4 months ago
I prefer option 2 ;) Maybe with also a fast waterfall of price manipulation at the US opening the 26 or 27 as happened for Brexit and NFP, what do you think?
FOMC opportunity
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out