Gold short idea
Updated
I'm still fairly new to trading so don't move fully off my analysis.
summary for Gold:
As we can see on the daily TF,there's a clear double bottom which lead me to believe price would be bullish for the week but on the 4hr TF we see a head and shoulder pattern formed recently,leading the bears to stay in control.
i think price is going to make a triple bottom then go bullish.
summary for Gold:
As we can see on the daily TF,there's a clear double bottom which lead me to believe price would be bullish for the week but on the 4hr TF we see a head and shoulder pattern formed recently,leading the bears to stay in control.
i think price is going to make a triple bottom then go bullish.
Trade closed: stop reached
Thank god for stop losses
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.