• Gold is soaring as demand for safe haven is rising amid banks turmoil and fear of recession
• Bullish trend dominating but tough resistance is near
• First resistance is 2000 round number
• Second resistance is the 2070 previous high which was rejected twice
• Are we gonna be in a triple top scenario and reverse lower again or make a new high ?
• From a risk reward point of view, it is more rewarding to go short at this level with a stop above 2000-2070 and place a long pending order above 2070
• Bullish trend dominating but tough resistance is near
• First resistance is 2000 round number
• Second resistance is the 2070 previous high which was rejected twice
• Are we gonna be in a triple top scenario and reverse lower again or make a new high ?
• From a risk reward point of view, it is more rewarding to go short at this level with a stop above 2000-2070 and place a long pending order above 2070
Ramzi Abou Abdallah, CFTe, CMT
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Ramzi Abou Abdallah, CFTe, CMT
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.