GOLD
Short Setup
Continuation trade: [GOLD W2 SEPT 2021]
👉🏻 Mentioned last week that 1795 can be an area to enter long, but Friday's break below 1791 could mean otherwise. With the possible gains mentioned in DXY, we could see a selloff to at least 1760 area which is also the 50% retracement level.
1690 area marks is the yearly lows, doubt it will reach close to that, yet breaking it.
Short Setup
Continuation trade: [GOLD W2 SEPT 2021]
👉🏻 Mentioned last week that 1795 can be an area to enter long, but Friday's break below 1791 could mean otherwise. With the possible gains mentioned in DXY, we could see a selloff to at least 1760 area which is also the 50% retracement level.
1690 area marks is the yearly lows, doubt it will reach close to that, yet breaking it.
Nota
Weekly Update GOLD👉🏻 Broke below and is sitting at the 61.8% as marked. I am still bullish on gold as I doubt it will test those yearly lows of $1690 again.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.