GOLD STILL IN BEARISH CYCLE!
Aktualisiert
Hello everyone,
This is going to be my first idea on tradingview. I'd like to share my thoughts about Gold. As you may see, London has been accumulating for a couple of hours today. New York has taken the BSL on the LTF and made a turn to the downside. We currently waiting for NY news. Likely that the news will be bullish for DXY and bearish for Gold, because of the negative correlation. It won't be looking good to long at the current price level. We haven't gained 2400. The bearish scenario I've been looking at is if we can flip 2376 from support to resistance, we are going to see new lows. I don't think it will happen that fast, because the new month is approaching...
***This does not contain any financial advice***
This is going to be my first idea on tradingview. I'd like to share my thoughts about Gold. As you may see, London has been accumulating for a couple of hours today. New York has taken the BSL on the LTF and made a turn to the downside. We currently waiting for NY news. Likely that the news will be bullish for DXY and bearish for Gold, because of the negative correlation. It won't be looking good to long at the current price level. We haven't gained 2400. The bearish scenario I've been looking at is if we can flip 2376 from support to resistance, we are going to see new lows. I don't think it will happen that fast, because the new month is approaching...
***This does not contain any financial advice***
Trade ist aktiv
I have entered the trade from 2395. I have set my SL to BE and planning to ride the storm.
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