Dear Trader,
I am actually very conservative when it comes to trading gold and each time I take my time to wait for price action, winning is always inevitable except for unexpected fundamentals changing the expected direction.
Right now, all I can see is that gold is still bullish on the daily and might be too early to assume a downward reversal on higher time frames above 4Hrs.
I see three possible scenarios indicated on my chart and would wait for any of the three to play out before taking any trade.
I will also advise traders to be very patient with the metal.
Happy trading
I am actually very conservative when it comes to trading gold and each time I take my time to wait for price action, winning is always inevitable except for unexpected fundamentals changing the expected direction.
Right now, all I can see is that gold is still bullish on the daily and might be too early to assume a downward reversal on higher time frames above 4Hrs.
I see three possible scenarios indicated on my chart and would wait for any of the three to play out before taking any trade.
I will also advise traders to be very patient with the metal.
Happy trading
FINSPOT ACADEMY
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.
FINSPOT ACADEMY
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.