A SHORT for Gold ?
Hi All,
Can GOLD be on a short? lets see,
As you can see we have a downtrend indicated by the red line, also we have a possibility of a triple top (yellow circles - 3rd been a good rejection) which we are awaiting a conformation. The grey boxes are key area which could indicate the price actions movements and once price gets into these key areas - look for a buy/sell signal!
PlanB would be a reversal and the take profit on the green line which is the previous high.
** This is my own opinion and not financial advice, this is for educational purposes and all feedback is welcomed **
Good luck and trade safe
L
Can GOLD be on a short? lets see,
As you can see we have a downtrend indicated by the red line, also we have a possibility of a triple top (yellow circles - 3rd been a good rejection) which we are awaiting a conformation. The grey boxes are key area which could indicate the price actions movements and once price gets into these key areas - look for a buy/sell signal!
PlanB would be a reversal and the take profit on the green line which is the previous high.
** This is my own opinion and not financial advice, this is for educational purposes and all feedback is welcomed **
Good luck and trade safe
L
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