GOLD - The Big Short! 🥇

27 Oca 2022

In our previous analysis of Gold, we mentioned how 1680 was the target for shorts and that we'll be heading there soon. During the FED meeting we saw a massive reaction and Gold was selling off as USD was pushing higher.

The important thing to note here is that there are multiple ascending corrections before there's a major drop. Its incredible important to learn how to identify these corrections so you can get yourself ready for a massive trade.

On the weekly timeframe we can see that we're in a 5 wave correction heading towards an important area where we may see a reaction for a move higher.


We should only be looking for sells until we reach the 1680 level where we can flip our bias to bullish provided there is enough confirmations for a reversal.

Trade Idea:
- Watch for any sort of corrections to take Gold lower
- Main target will be the 1680 level but would be good to take staggered profits

What are your thoughts? Let us know below!

10 Şub 2022

Not

GOLD Daily - higher timeframe looking like this. Will be looking to SELL Gold until the FED Rate Decision on March 15th where we'll be looking to BUY Gold