Gold potential direction
Gold's fourth touch of the major trend line potentially coming up. Of course, we know that trend lines are extremely subjective, but this one seems to holding true. If this daily candle closes bearish then i'll be looking for entries to the downside with further confirmation from my indicators.
A further confluence for me is that price has respected my baseline, and it has consistently lined up with the 'subjective' trend line.
We shall see what happens over the course of the day, but i'm feeling hopeful for a little more downside.
A further confluence for me is that price has respected my baseline, and it has consistently lined up with the 'subjective' trend line.
We shall see what happens over the course of the day, but i'm feeling hopeful for a little more downside.
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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.