XAU/USD
From my readings of the chart this morning.
Gold on the 4h, Day and week charts has a downward trend.
Gold is currently in a position to aim for a lower low on the week chart.
Smaller time frames ( 15min, 30min, hour) are needing some retracement for further pushing power. So I am waiting for some pullback to enter a long hold sell to a new low on the week
Gold on the 4h, Day and week charts has a downward trend.
Gold is currently in a position to aim for a lower low on the week chart.
Smaller time frames ( 15min, 30min, hour) are needing some retracement for further pushing power. So I am waiting for some pullback to enter a long hold sell to a new low on the week
Note
Please note this is just my reading, follow at own risk.Note
I entered this trade at 1938 for a long hold sell to 1888
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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.