Sell signal on gold!
On Friday we saw price breaking out of the ascending trendline followed by a nice retest.
Then we had a downside impulse that confirmed the reversal.
Right now, we expect this downside move to continue.
First target will be $1793 and if we see a breakout there we could see even lower values.
Make sure to watch out for our analysis so you can see how it goes.
The level at which this setup is ruined is $1826! In case we see price closing above it,
then that would mean that this downside move doesn't have enough strength to continue and we shouldn't be in short positions.
Best entry signal would be a candle with a long wick to the upside or a breakout of previous lows.
👍 Please support this idea with like and comment so we can help more people together.
Thank you in advance! 🙏
Then we had a downside impulse that confirmed the reversal.
Right now, we expect this downside move to continue.
First target will be $1793 and if we see a breakout there we could see even lower values.
Make sure to watch out for our analysis so you can see how it goes.
The level at which this setup is ruined is $1826! In case we see price closing above it,
then that would mean that this downside move doesn't have enough strength to continue and we shouldn't be in short positions.
Best entry signal would be a candle with a long wick to the upside or a breakout of previous lows.
👍 Please support this idea with like and comment so we can help more people together.
Thank you in advance! 🙏
Note
✅ JOIN FREE TELEGRAM: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
Publications connexes
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.
✅ JOIN FREE TELEGRAM: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
Publications connexes
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.