Or / Dollar AméricainMis à jour GOLD - The Big Short! 🥇
In our previous analysis of Gold, we mentioned how 1680 was the target for shorts and that we'll be heading there soon. During the FED meeting we saw a massive reaction and Gold was selling off as USD was pushing higher.
The important thing to note here is that there are multiple ascending corrections before there's a major drop. Its incredible important to learn how to identify these corrections so you can get yourself ready for a massive trade.
On the weekly timeframe we can see that we're in a 5 wave correction heading towards an important area where we may see a reaction for a move higher.
We should only be looking for sells until we reach the 1680 level where we can flip our bias to bullish provided there is enough confirmations for a reversal.
Trade Idea:
- Watch for any sort of corrections to take Gold lower
- Main target will be the 1680 level but would be good to take staggered profits
What are your thoughts? Let us know below!
The important thing to note here is that there are multiple ascending corrections before there's a major drop. Its incredible important to learn how to identify these corrections so you can get yourself ready for a massive trade.
On the weekly timeframe we can see that we're in a 5 wave correction heading towards an important area where we may see a reaction for a move higher.
We should only be looking for sells until we reach the 1680 level where we can flip our bias to bullish provided there is enough confirmations for a reversal.
Trade Idea:
- Watch for any sort of corrections to take Gold lower
- Main target will be the 1680 level but would be good to take staggered profits
What are your thoughts? Let us know below!
Note
GOLD Daily - higher timeframe looking like this. Will be looking to SELL Gold until the FED Rate Decision on March 15th where we'll be looking to BUY Gold
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Crypto: t.me/Crypto_Wick
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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.
Want more chart ups like this? Click the links below:
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
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.