Gold Spot / U.S. DollarUpdated GOLD SWING TRADE SELLING PRESSURE VALID NEAR monthly R2
Gold has been very bullish since last 1 year ,on monthly basis strong momentum still present.
but on weekly gold now in consolidation phase. selling after a fake break out with good risk reward . Not intraday set up.
watch out for break above the level and may change to bull run on long term..
but on weekly gold now in consolidation phase. selling after a fake break out with good risk reward . Not intraday set up.
watch out for break above the level and may change to bull run on long term..
Trade active
if the trend line break down and retest then bears are strong otherwise this set up is invalid
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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.