Looking at gold daily chart, it's obvious the price is weakening but it is not yet time to start selling the precious metal. To short gold, price needs to violate swing low at 1480.34 (dotted arrows) a pullback will be a good time to short the market.
As it stands, if the price is rejected between 1480.34 and 1493.18 (solid arrows), gold is still a buy. A break of the swing high at 1556.88 means gold is still going higher...
PLAN YOUR TRADES AND TRADE YOUR PLANS
As it stands, if the price is rejected between 1480.34 and 1493.18 (solid arrows), gold is still a buy. A break of the swing high at 1556.88 means gold is still going higher...
PLAN YOUR TRADES AND TRADE YOUR PLANS
Smart Monies trade on Emotions and Sentiments. Let them work for you in taking calculated risks...
-YouTube Channel: @bullbearmkt331
-Telegram: t.me/BullbearMkts
-YouTube Channel: @bullbearmkt331
-Telegram: t.me/BullbearMkts