In my post yesterday, I mentioned that Gold would likely break below the 2900 support zone.
Indeed, after multiple tests and annoying price action, the price finally dropped below this level, reaching an intraday low of 2880. However, it quickly reversed and is now trading back around the same level.
To be honest, while my outlook remains slightly bearish, this kind of choppy movement is not ideal.
In conclusion, my strategy remains to sell on rallies—but with caution and lower volumes.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Indeed, after multiple tests and annoying price action, the price finally dropped below this level, reaching an intraday low of 2880. However, it quickly reversed and is now trading back around the same level.
To be honest, while my outlook remains slightly bearish, this kind of choppy movement is not ideal.
In conclusion, my strategy remains to sell on rallies—but with caution and lower volumes.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
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🎯 Want More Trading Ideas?
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.