Gold Bearish scenario
Gold had an impressive rally since the March crash. Broke ATH , then regressed back into the range and below 2011 high.
My take is the following:
- until we reclaim 2011 high on the monthly, then the short idea is valid.
- confirmation upon a monthly close (December) below 1825.
Expecting us to revisit the breakpoint area (origin of the pump) around the 1580$ zone where I believe it'll find support while keeping the trend intact (Higher Low)
My take is the following:
- until we reclaim 2011 high on the monthly, then the short idea is valid.
- confirmation upon a monthly close (December) below 1825.
Expecting us to revisit the breakpoint area (origin of the pump) around the 1580$ zone where I believe it'll find support while keeping the trend intact (Higher Low)
Trade active
This is going perfectly. Almost at target!Note
LTF aside, and due to time constraints, I enjoy playing commodoties from a HTF perspective.Scalps is one thing, a big swing position is another. Always keep the HTF in mind especially with "heavy" markets
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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.
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.