Gold in correction movement - how to trade
Dear traders,
the gold price is in strong correction movement and we expect more down movement to the drawn buy area. Market should build bottom at 1520 $ to confirm long term up trend. The Indicators (RSI & MACD) showing up that the market has potential for more down movement in this week. Bollinger bands are very tight which indicates a bigger incoming market movement.
When to enter long and possible short orders will be published in our VIP group. Contact us for further information.
the gold price is in strong correction movement and we expect more down movement to the drawn buy area. Market should build bottom at 1520 $ to confirm long term up trend. The Indicators (RSI & MACD) showing up that the market has potential for more down movement in this week. Bollinger bands are very tight which indicates a bigger incoming market movement.
When to enter long and possible short orders will be published in our VIP group. Contact us for further information.
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
Related publications
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.
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
Related publications
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.