Sell Gold following the deesclation in USA v Iran geopolitical tensions (for now) and for the fact that "ww3" has stopped trending.
There are also technical factors to help with the confluence of signals:
Gold has been sold into the 61% fib of the 2011-2016 move lower and big figure of 1600.
Gold was up roughly 17% last year, in one of its best years in recent times, if you were long, time to take some profits.
Trade:
If we close below 1557USD for the week, sell targeting the last notable resistance level of 1487, secondary targets: 1445 (Nov 11th low), 1380(38% fib of 2011-2016)
There are also technical factors to help with the confluence of signals:
Gold has been sold into the 61% fib of the 2011-2016 move lower and big figure of 1600.
Gold was up roughly 17% last year, in one of its best years in recent times, if you were long, time to take some profits.
Trade:
If we close below 1557USD for the week, sell targeting the last notable resistance level of 1487, secondary targets: 1445 (Nov 11th low), 1380(38% fib of 2011-2016)
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.