Has Gold gone to far? Possible Short Setup
Hello together,
Gold looks really stretched to the upside on the weekly.
On the 4 hour timeframe it looks like a head and shoulders pattern is building up and wants to break to the downside. Its risky shorting such a strong bull market. So I am risking only really small on this trade. What do you think of this idea?
Gold looks really stretched to the upside on the weekly.
On the 4 hour timeframe it looks like a head and shoulders pattern is building up and wants to break to the downside. Its risky shorting such a strong bull market. So I am risking only really small on this trade. What do you think of this idea?
Note
The Setup isn't valid any longer because gold made a new ATH. The trade got never triggered.
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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.