Gold Trade Idea
Gold Update
- Since my last post Gold did follow my plan and led to a significant move to the upside.
- Remember we don't trade any patterns my conviction was based on merging Fundamentals along with technical analysis.
- The Global Scenario for gold looks bullish and commodities overall will remain bullish in a market where we have chances of the war getting escalated.
- DXY too will be important to be observed before trading Commodities because DXY has stayed calm since 3 weeks.
- Trading aggressively this week will only result in leaked gains and losses.
- The mentioned Red Zone will be an important area to catch a gold short ONLY if you see a good rejection or else let it hover around. (2100-2150 is a strong supply zone).
- Since my last post Gold did follow my plan and led to a significant move to the upside.
- Remember we don't trade any patterns my conviction was based on merging Fundamentals along with technical analysis.
- The Global Scenario for gold looks bullish and commodities overall will remain bullish in a market where we have chances of the war getting escalated.
- DXY too will be important to be observed before trading Commodities because DXY has stayed calm since 3 weeks.
- Trading aggressively this week will only result in leaked gains and losses.
- The mentioned Red Zone will be an important area to catch a gold short ONLY if you see a good rejection or else let it hover around. (2100-2150 is a strong supply zone).
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.