gold market strategic outlook bears will target 1730 usd
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🔸Hello guys, today let's review 2daily hour price chart for gold. Trading in well-defined range
since June 2020, we recently got rejected near 2 000 USD, triple top rejection and currently
dump / correction in progress, expecting more losses mid-term
🔸Range lows defined at 1715 usd, range highs set at 1980 usd, resistances overhead
at 2 000 / 2050 usd and key support below near 1650/1700 USD. Short-term /
mid-term outlook: bears maintain significant advantage ove4r bulls and therefore I
expect all rips/rallies to get sold. Position traders should focus on shorting rips targeting
1710/1730 usd. bulls should stay out, since we got strong correction in progress.
🔸We are trading in well-defined range since June 2020, position traders should
focus on buying low and selling high, trading mid-range is high risk / not worth it.
🔸Recommended strategy position traders: bears short sell rips/rallies.
TP1 bears is 1730 USD TP2 bears is 1700 usd. Bulls should wait for correction
to complete near 1710/1730 and seek to buy low with SL set at 1650 and targeting
1800/1850 USD. keep in mind this is a swing trade setup / patience required,
always do your own due dill, reduce leverage and use tight SL. good luck!
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🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
since June 2020, we recently got rejected near 2 000 USD, triple top rejection and currently
dump / correction in progress, expecting more losses mid-term
🔸Range lows defined at 1715 usd, range highs set at 1980 usd, resistances overhead
at 2 000 / 2050 usd and key support below near 1650/1700 USD. Short-term /
mid-term outlook: bears maintain significant advantage ove4r bulls and therefore I
expect all rips/rallies to get sold. Position traders should focus on shorting rips targeting
1710/1730 usd. bulls should stay out, since we got strong correction in progress.
🔸We are trading in well-defined range since June 2020, position traders should
focus on buying low and selling high, trading mid-range is high risk / not worth it.
🔸Recommended strategy position traders: bears short sell rips/rallies.
TP1 bears is 1730 USD TP2 bears is 1700 usd. Bulls should wait for correction
to complete near 1710/1730 and seek to buy low with SL set at 1650 and targeting
1800/1850 USD. keep in mind this is a swing trade setup / patience required,
always do your own due dill, reduce leverage and use tight SL. good luck!
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
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taplink.cc/prsyndicate
🔥primary telegram channel
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🚀75%+ win rate free gold signals
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