Gold Spot / U.S. Dollar

Short

Gold and Euro more bearish

Gold can retrace to red area (1225) of pitchfork upper way and headwind to green area (1180) of middle way.

snapshot

Metal traders will also monitor to trade war between U.S and China.

U.S Dollar also may be stronger as U.S 10 Years Yield breakout from monthly regression channel resistance.

snapshot

Euro has more bearish as breakdown from symmetrical triangle and low to previous POC level (1.1250)

snapshot

Gold
Sell limit @1225
Target 1180
Stop 1240
Risk/reward (1/2.6)
Take care your trade size
United FX

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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.

Also on:

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.