DhananjayaShetty

Expecting Bearish Week for Gold

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar

Gold showed the bullish trend in WEEKLY & bearish trend in DAILY and 4H timeframe.
Yellow box/lines indicates the Sell zone POI for gold.
Hoping for gold to rise till the sell zone POI and then fall towards TP.
Sell zones are
1964.50 - 1965.50
1968.90 - 1970.10
1971.70 - 1972.25
Target for this will be around 1945.

Will think to buy (scalping trades) around 1953-55

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.