Goodday Everyone.
Gold has been dropping for a short while now ,but will it continue to fall further ?
My idea of Gold come from the nature of the market or its price action , Gold seems to have created a double top on the daily timeframe with an impulse to the downside.
On the LTF we see continuation corrections pushing price down further . Currently Gold has formed another continuation correction on the 4H timeframe .
It would be best to rather let the price confirm its price action to the downside first and then possibly look for a continuation correction on the 30M or 15m timeframe outside of the 4H structure to increase accuracy and Risk to Reward.
Thank you .
Gold has been dropping for a short while now ,but will it continue to fall further ?
My idea of Gold come from the nature of the market or its price action , Gold seems to have created a double top on the daily timeframe with an impulse to the downside.
On the LTF we see continuation corrections pushing price down further . Currently Gold has formed another continuation correction on the 4H timeframe .
It would be best to rather let the price confirm its price action to the downside first and then possibly look for a continuation correction on the 30M or 15m timeframe outside of the 4H structure to increase accuracy and Risk to Reward.
Thank you .
Not
Hello everyone 👋So we did eventually get a push down however price is now at the low .
My idea now is to look for a possible continuation and look for a trade .
Thank you
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.