The short answer is YES!
If you're trading GOLD then you've probably red many articles saying that price will accelerate.
This will most probably happen, but the question is when. Timing is a key factor in trading.
Looking at the hourly chart, we can clearly say that we're not expecting rise in price.
A much better opportunity right now is to wait for a break below the support level and to look for short positions.
Market closing below 1785 will confirm a move down to 1748 and maybe even lower.
Make sure to watch out for our daily analysis and wait for the right entry moment!
If you're trading GOLD then you've probably red many articles saying that price will accelerate.
This will most probably happen, but the question is when. Timing is a key factor in trading.
Looking at the hourly chart, we can clearly say that we're not expecting rise in price.
A much better opportunity right now is to wait for a break below the support level and to look for short positions.
Market closing below 1785 will confirm a move down to 1748 and maybe even lower.
Make sure to watch out for our daily analysis and wait for the right entry moment!
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❓ If you got questions: t.me/Semkov
💰 PAID SIGNALS AND ANALYSIS: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
