looking for sell on 2710 level
#Technical_Analysis
#Gold-4h
The gold market trend in the 4-hour timeframe is bullish, but with the price closing below 2710, we can say that the momentum has turned bearish. Based on this bearish momentum, we can consider entering sell positions at the 2710 level, which can now act as a resistance.
Keep in mind that sell positions are against the main trend of the market. If you don’t trade against the trend, it’s best to ignore the sell opportunities (based on this analysis) for now. However, if your strategy allows you to enter positions against the trend, make sure to apply proper risk management.
#FarXpert
#Gold-4h
The gold market trend in the 4-hour timeframe is bullish, but with the price closing below 2710, we can say that the momentum has turned bearish. Based on this bearish momentum, we can consider entering sell positions at the 2710 level, which can now act as a resistance.
Keep in mind that sell positions are against the main trend of the market. If you don’t trade against the trend, it’s best to ignore the sell opportunities (based on this analysis) for now. However, if your strategy allows you to enter positions against the trend, make sure to apply proper risk management.
#FarXpert
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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.