Gold update
Hey guys, I closed my short position and I'm looking to sell again in the plotted areas.
to be honest its really hard to tell whether the uptrend is over but for now we have seen weakness from the buyers and seems the market has transitioned into some type of range.
so if we assume that the market is in a range buyers are holding their longs to get to 2360-2370 price level and that's where I'm looking to sell.
in addition to this analysis, if you look at my previous post about gold I mentioned other zones to sell yet the price didnt pullback and went straight to our second target. therefore disregard previous zones and look to sell in new ones. Peace
to be honest its really hard to tell whether the uptrend is over but for now we have seen weakness from the buyers and seems the market has transitioned into some type of range.
so if we assume that the market is in a range buyers are holding their longs to get to 2360-2370 price level and that's where I'm looking to sell.
in addition to this analysis, if you look at my previous post about gold I mentioned other zones to sell yet the price didnt pullback and went straight to our second target. therefore disregard previous zones and look to sell in new ones. Peace
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