GOLD Look for this sell setup to the previous lows
Telah dikemas kini
Hi traders:
Looking at GOLD for potential sell move down to the previous lows.
We have seen GOLD consolidate for a while since the strong bearish drop from early August.
Price has been in a side way consolidations, and we see many LTF corrections and impulses.
Latest price shows a recent double tops, and price impulsively break below the correction its in, could signal the beginning of the next bearish run.
I would wait for the LTF correction to form here and complete before adding a sell down to the lows.
Thank you
Looking at GOLD for potential sell move down to the previous lows.
We have seen GOLD consolidate for a while since the strong bearish drop from early August.
Price has been in a side way consolidations, and we see many LTF corrections and impulses.
Latest price shows a recent double tops, and price impulsively break below the correction its in, could signal the beginning of the next bearish run.
I would wait for the LTF correction to form here and complete before adding a sell down to the lows.
Thank you
Nota
Look for more continuation structure to bring the price down lower/Nota
Penerbitan berkaitan
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.