GOLD What Next? SELL!

5 באוג׳ 2023

My dear subscribers,
I analysed this chart on GOLD, and concluded the following:
The market is trading on 1942.34 pivot level.
Bias - Bearish

Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1930.15
My Stop Loss - 1949.17

About Used Indicators:
The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK