What do you think about SHORTING now?
Hi Folks:
Here's my self explanatory view on GOLD. I am holding shorts and following the current descending channel. I am bearish at the moment due to the rate hikes in the US, possible 4 rate hikes.
In the event of a break out the next two trendline will be the next resistance to consider.
I have spotted as well a possible HS pattern, currently a right shoulder under development.
STAY SAFE. Cheers
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Remember, if you liked this idea don't forget to click LIKE and FOLLOW. That will encourage me to continue charting for you.
Here's my self explanatory view on GOLD. I am holding shorts and following the current descending channel. I am bearish at the moment due to the rate hikes in the US, possible 4 rate hikes.
In the event of a break out the next two trendline will be the next resistance to consider.
I have spotted as well a possible HS pattern, currently a right shoulder under development.
STAY SAFE. Cheers
-------------------------------------------------
Remember, if you liked this idea don't forget to click LIKE and FOLLOW. That will encourage me to continue charting for you.
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