Gold I see ready for a nice drop to the downside. WHY?
Monthly: From a monthly perspective we want to see the market moving more to the downside. Target around 1800-18300. Why? Because this is the Fib Level Target. The market created a huge impulsive move to the upside but we did not see a proper Retracement. We want to see it at least till the 0.382 or even lower.
Why 1800 Level?
This is a very attractive level for Institution. This is an area where a lot of buy orders are placed. So at the same time this is a target for shorts.
Correction Channel:
As we can see from the daily timeframe, Gold is in a corrective Channel. After the completion of this correction we can expect the continuation to the upside.
Daily:
On the daily timeframe we can see that the market has created a fill in the wick pattern. So we want to see at least a correction till the Support Area.
Trading Idea:
Short till Support. After the break of the Support drop and retest and then rock it till 1800 Area.
What do you think?
Monthly: From a monthly perspective we want to see the market moving more to the downside. Target around 1800-18300. Why? Because this is the Fib Level Target. The market created a huge impulsive move to the upside but we did not see a proper Retracement. We want to see it at least till the 0.382 or even lower.
Why 1800 Level?
This is a very attractive level for Institution. This is an area where a lot of buy orders are placed. So at the same time this is a target for shorts.
Correction Channel:
As we can see from the daily timeframe, Gold is in a corrective Channel. After the completion of this correction we can expect the continuation to the upside.
Daily:
On the daily timeframe we can see that the market has created a fill in the wick pattern. So we want to see at least a correction till the Support Area.
Trading Idea:
Short till Support. After the break of the Support drop and retest and then rock it till 1800 Area.
What do you think?
✔️ Inner Circle ⭕️
linktr.ee/dariusfx
✔️Instagram: instagram.com/dariusfxtrading
✔️ Telegram(german): t.me/dariusfxtrading
✔️ Top Broker💯 my.roboforex.com/de/?a=skxb
linktr.ee/dariusfx
✔️Instagram: instagram.com/dariusfxtrading
✔️ Telegram(german): t.me/dariusfxtrading
✔️ Top Broker💯 my.roboforex.com/de/?a=skxb
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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.
✔️ Inner Circle ⭕️
linktr.ee/dariusfx
✔️Instagram: instagram.com/dariusfxtrading
✔️ Telegram(german): t.me/dariusfxtrading
✔️ Top Broker💯 my.roboforex.com/de/?a=skxb
linktr.ee/dariusfx
✔️Instagram: instagram.com/dariusfxtrading
✔️ Telegram(german): t.me/dariusfxtrading
✔️ Top Broker💯 my.roboforex.com/de/?a=skxb
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.