I have an opportunity to short GOLD this coming week for the following reasons that can be seen in the chart.
Triple rejection at the 61.8% retracement of the recent swing low. Which is the starting point of my TCT PRZ up to 78.6% retracement.
Divergence formation in the H4 timeframe
Market coming for an overbought status (showing divergence)
Strong bearish Daily close yesterday with all the markets events we had.
I will enter short once I have the opportunity (setup) or confirmation to do so. This is short-mid term range. If not, then personally the market is still bullish since the August of 18. Trade with care, and good luck in the markets.
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.