Gold is facing strong confluence of resistances
アップデート済
As I expected, after Monday's local low, Gold has started to correct.
At this point, the yellow metal is trading in a very strong resistance zone. A confluence of the horizontal, descending trend line and confirmation of the long-term ascending trend line.
A short position here can have more than 1:5 R:R if we target 1680 support
On the other hand, Gold back above 1800 and above these resistances would confirm a higher low at 1740 and would signal a new leg up above 1850
I'm bearish but I wait for more confirmation
At this point, the yellow metal is trading in a very strong resistance zone. A confluence of the horizontal, descending trend line and confirmation of the long-term ascending trend line.
A short position here can have more than 1:5 R:R if we target 1680 support
On the other hand, Gold back above 1800 and above these resistances would confirm a higher low at 1740 and would signal a new leg up above 1850
I'm bearish but I wait for more confirmation
ノート
As a Post Scriptum.The reasons i m not selling here:
- the resistance zone is too obvious
- it would be too stupid simple
トレード終了: 利益確定目標に到達
1740 support touched
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
関連の投稿
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。