In my analysis yesterday, I mentioned that Gold could be due for a correction and suggested selling rallies.
Unfortunately, my sell position from 2905 hit the stop loss, and Gold went on to reach a new all-time high.
However, this appears to be a blow-off top, which could signal the start of a real correction phase.
With this in mind, I will look to sell rallies again, targeting the 2885 confluence support level.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Unfortunately, my sell position from 2905 hit the stop loss, and Gold went on to reach a new all-time high.
However, this appears to be a blow-off top, which could signal the start of a real correction phase.
With this in mind, I will look to sell rallies again, targeting the 2885 confluence support level.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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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
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.