Gold short, simple idea
تم تحديثه
Welcome
As you can see gold is moving in an ascending channel from 22 nov. the correlation between gold and dxy is back. I expect the price to drop to tp1:1890, tp2:1870 and then around $1800.
There was also a bearish divergence on the h4 interval, we are heavily overbought on the daily, the same situation on the weekly. There was also an ascending wedge pattern with the target of 1890 so I am giving it a shot.
Good luck, trade safe
As you can see gold is moving in an ascending channel from 22 nov. the correlation between gold and dxy is back. I expect the price to drop to tp1:1890, tp2:1870 and then around $1800.
There was also a bearish divergence on the h4 interval, we are heavily overbought on the daily, the same situation on the weekly. There was also an ascending wedge pattern with the target of 1890 so I am giving it a shot.
Good luck, trade safe
ملاحظة
Triggeredملاحظة
DXY chart, my viewأغلقت الصفقة: تم الوصول للهدف
My DXY chart update Congratulation for all who fallowed.
Take care!
ملاحظة
Looks like channel did great job.ملاحظة
Weekly update, I don't know the direction of xau, probably need some clearance with dxy and bonds. For now no position.
Take care.
ملاحظة
ملاحظة
We are approaching resistance zone, I recommend no position over weekend, we can go both way. Trade safe
ملاحظة
quite long accumulation. are we going to break out. weekly point of viewملاحظة
Chanel works great I bet on one more downward trendline touch. Take care.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.