Hello traders, hope you are all doing well. From my last gold trade and took on board of what I shown, I hope you enjoyed the hefty 3500+ pip movement!
Anyways from the graph, a short term position looks like is going to be expected. Which will be a 400+ pip movement? I am not too sure. Anyway after that it can either go one or two ways. A breakout on a long or on a short. In my opinion a long will be used to reach the resistance line and then a short position will be expected. Or on the other hand a short long term position will be used and will drop.
Again I believe it'll go between them two ways so only time will tell.
If you have any comments or suggestions please comment and I will be sure to get back to you!!
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.