Gold potential short
From the 3rd of August 2020 this pair reversed on the weekly timeframe and resumed its downtrend. It has been pulling back since the start of the month of February. It now lingers around a 38.2% retracement zone. I expect this pair to resume its down trend and drop to the 1760.000 levels or even lower.
The alert has been set on the 1 hour timeframe and I will take the short potentially after a proper breakout and retest of the structure.
Trade and use proper money management. trading has risks!!!!
The alert has been set on the 1 hour timeframe and I will take the short potentially after a proper breakout and retest of the structure.
Trade and use proper money management. trading has risks!!!!
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.