Hey guys, last week I was bullish on gold, but after the recent PA I changed my bias to short.
-First, the price formed the so-called "Bearish Flag" formation, this is a pattern that is a trend continuation and the TP is the duplication from the initial leg.
-Second, looking at the DXY I am more for a strong dollar for the near future judging by the recent candles and the strength of the momentum.
I won't be rushing to enter a position because gold and DXY are at a very indecisive point right now, so I will wait for a good correction that will at least give me a good RR
-First, the price formed the so-called "Bearish Flag" formation, this is a pattern that is a trend continuation and the TP is the duplication from the initial leg.
-Second, looking at the DXY I am more for a strong dollar for the near future judging by the recent candles and the strength of the momentum.
I won't be rushing to enter a position because gold and DXY are at a very indecisive point right now, so I will wait for a good correction that will at least give me a good RR
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.