Gold Short Term Sell
Updated
Hello and welcome back traders🙂.
[ ] Gold is currently trading in a ascending wedge pattern.
[ ] A good entry point on a short term short trade would be the 1687.46 resistance line.
[ ] This is because it also coincides with the descending wedge pattern mentioned earlier.
[ ] Please be advised that this is a riskier set up due to the potential chance that gold breaks out of the descending triangle instead of creating a lower low first.
Good luck trader's and may this week be profitable for you all. 🙂
If you found value in my analysis dont forget to hit the like, it's much appreciated.
[ ] Gold is currently trading in a ascending wedge pattern.
[ ] A good entry point on a short term short trade would be the 1687.46 resistance line.
[ ] This is because it also coincides with the descending wedge pattern mentioned earlier.
[ ] Please be advised that this is a riskier set up due to the potential chance that gold breaks out of the descending triangle instead of creating a lower low first.
Good luck trader's and may this week be profitable for you all. 🙂
If you found value in my analysis dont forget to hit the like, it's much appreciated.
Trade active
Trade has been activated.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.