XAUUSD (long)
Looking into the long term, and specifically when the %K and D% crossed in their way below -80, The %R reverse under -80, I think the gold will go down to 1095 by the end of July, or early Aug. More precise timing of the exit can be established by D or 60 curves later on.
In conclusion, if you are in the gold business, it is time to short for the coming 3 months. Please be advised that this explanation is only to share thoughts, and whatever decision you make, it is up to you.
In conclusion, if you are in the gold business, it is time to short for the coming 3 months. Please be advised that this explanation is only to share thoughts, and whatever decision you make, it is up to you.
Note
I guess those who shorted are having fun. I will keep my shorting positions until the end of June.
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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.