SWING FAILURE INDICATES GOLD WEAKEN?
Hello Traders, Its been a while we didn't share any trade ideas. Well post election we saw the stock market surge after Mr. Trump gain investors confidence. And that is not the case GOLD market as the demand was muted.
Now lets look at our chart and see definite support broken at $2600.00. Would it rise back a little before continue its downwards or U-turn at the current level? Our stance here is to go long until $2680, coincide with 22.60% Fibonacci level and price is below MA50. The demand of gold probably will dip in upcoming weeks.
Please take your money management!
https://www.tradingview.com/x/7oLAZQvp/
Now lets look at our chart and see definite support broken at $2600.00. Would it rise back a little before continue its downwards or U-turn at the current level? Our stance here is to go long until $2680, coincide with 22.60% Fibonacci level and price is below MA50. The demand of gold probably will dip in upcoming weeks.
Please take your money management!
https://www.tradingview.com/x/7oLAZQvp/
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.