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GOLD could move DOWN SOON!

580
Hey tradomaniacs,

Looking at GOLD (XAU/USD) we can see a nice tracement and retest that could give bears more power to stack sell-positions.

GOLD is currently hitting the Trendline of the previous contraction ant a strong Resistance-Zone!
Generally it is very risky to execute any position here as the upcoming fundamentals will tell what is going to happen.

  • Month ending is ending and companies re-balancing and closing their books 👉 +1 Volatility
    Non-Farm-Payroll-Week 👉 +1 Volatility
    Upcoming US-election 👉+3 Volatility
    Discussions about futher stimulus or liquidity for the market 👉+ 2 Volatility


ALL TRADES ARE ABSOLUTLEY RISKY!


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Peace and good trades
Irasor

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