Hey, I am back with another idea, this time looking at Gold.
So basically a gold has seen a good run and now it's finally showing some bear, selling signs.
There is a double top RSI on 4H and also on daily time frame, this can be denied by breaking a level of $1,737 by a full 4H candle.
The price is still holding on support and on uptrend line so it still may found a good support and go ahead and retest 1,750$ but it was denied there pretty hard last time so it's more unlikely to hit this level.
I am not trading gold before I see how it reacts further on this uptrend line, I need some more confirmations.
Have a good luck with trading and stick to your rules!
So basically a gold has seen a good run and now it's finally showing some bear, selling signs.
There is a double top RSI on 4H and also on daily time frame, this can be denied by breaking a level of $1,737 by a full 4H candle.
The price is still holding on support and on uptrend line so it still may found a good support and go ahead and retest 1,750$ but it was denied there pretty hard last time so it's more unlikely to hit this level.
I am not trading gold before I see how it reacts further on this uptrend line, I need some more confirmations.
Have a good luck with trading and stick to your rules!
Nota
Uptrend is still active
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.