Gold sitting at the top of the Descending Channel
presents a great short opportunity .
I have marked all the levels going down to the
bottom of the channel which were determined using
Fib Pull from last swing high .
Above us I have marked areas of resistance and it remains to be
seen if we see a change in market structure but until then i favour
a short setup .
Also when looking at the DXY index i think we will see a recovery in the
USD to around 91.3 which will put Gold back under pressure and thus keep gold
inside of the descending channel .
1790 will be a tough level to break down IMO as the 100EMA and 200EMA sit here this would also make a good TP1
This setup has a simple invalidation as detailed in the chart but of course set your own levels
pertaining to the percentage risk you are happy to use .
Please support my Analysis with a Like and Follow
presents a great short opportunity .
I have marked all the levels going down to the
bottom of the channel which were determined using
Fib Pull from last swing high .
Above us I have marked areas of resistance and it remains to be
seen if we see a change in market structure but until then i favour
a short setup .
Also when looking at the DXY index i think we will see a recovery in the
USD to around 91.3 which will put Gold back under pressure and thus keep gold
inside of the descending channel .
1790 will be a tough level to break down IMO as the 100EMA and 200EMA sit here this would also make a good TP1
This setup has a simple invalidation as detailed in the chart but of course set your own levels
pertaining to the percentage risk you are happy to use .
Please support my Analysis with a Like and Follow
거래청산: 스탑 닿음
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.