Gold Short Idea
Looking to short gold. Gold has been respecting tech levels well recently, with the CPI data MOM being inline with consensus and YOY declining by 0.1, I am expecting gold to surge a bit more. Last level of tech available for a short is a fresh high of 2500.
Entry- 2498
SL- 65 pips
TP- 130 pips
Confluences:
- Ascending trendline 4th touch
- 2500 psychological and key level
- Possible Alignment to silver at the 38 fibo
Catch you later traders ▲
Entry- 2498
SL- 65 pips
TP- 130 pips
Confluences:
- Ascending trendline 4th touch
- 2500 psychological and key level
- Possible Alignment to silver at the 38 fibo
Catch you later traders ▲
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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.
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.