0609 GOLD simple strategy now just to sell

6 Sep 2023

Hello traders,

Now we got a clear clue on 4H chart for gold.
It made a bearish bowl top and broke the green trend line and made the first support zone become a resistance zone.

This is a opposite way as our weekly outlook on GOLD. So we would like to concern it as a corrective wave first and follow 4H chart to go.

Down there in this idea, there are 3 support zone as targets. Waiting for a retest EMAS with selling signal to open trade down to this supports.

GOOD LUCK ON THIS PLAN.
LESS IS MORE!

6 Sep 2023

Nota

Let's go back to review this weekly outlook.
You could see the weekly channel seems working on pressure price down.
So, keep eyes on 4H chart to follow the current swing first then check on weekend again to see which weekly chart make more senses.

6 Sep 2023

Nota