GOLD moving in a bearish flag
On a 1-hour timeframe, we are currently in a bearish flag pattern. The green box represents a significant resistance line, so trade caution if you are considering opening long positions. Additionally, there is a decrease in trading volumes, which is also term for short move.
The trading setup may involve entering the market within the flag pattern, considering both support and resistance lines, and utilizing the Williams Alligator angles, preferably on the 15-minute timeframe.
IMPORTANT! Always follow the RM strategy!
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The trading setup may involve entering the market within the flag pattern, considering both support and resistance lines, and utilizing the Williams Alligator angles, preferably on the 15-minute timeframe.
IMPORTANT! Always follow the RM strategy!
Trade GOLD Features at BingX: bingx.com/invite/E6RCUFJT
My followers have 2% cashback from my commission. Deposit easily in crypto. No need to be resident of the particular country!
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.