HI Traders. Gold has been in a relatively strong sellers' market, and the momentum really began since the break below 1810.
If you've been following my analysis along, i've been mentioning 1810 is a key structure to hold, once its broken below, we can expect more selling pressure to step in.
For now, I personally won't be looking to take any action yet, mainly because of the Price Position.
If you're buying, you're going against both short-term to mid-term trend.
If you're shorting, you're almost selling at lows.
Just make sure you got a decent Risk-to-Reward with your setup, and let's observe further.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
If you've been following my analysis along, i've been mentioning 1810 is a key structure to hold, once its broken below, we can expect more selling pressure to step in.
For now, I personally won't be looking to take any action yet, mainly because of the Price Position.
If you're buying, you're going against both short-term to mid-term trend.
If you're shorting, you're almost selling at lows.
Just make sure you got a decent Risk-to-Reward with your setup, and let's observe further.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
