Gold has reached the first target of the Inverse Cup and Handle...
It seems to be stabilizing around these levels. But it seems to only be a short term (1 or 2 weeks).
If the price breaks below the support, we will most likely see the next target at $1,710.
As we are dealing with a less favoured precious metal compared to the past, this will require some patience to hold onto these shorts.
I'm bearish for now...
It seems to be stabilizing around these levels. But it seems to only be a short term (1 or 2 weeks).
If the price breaks below the support, we will most likely see the next target at $1,710.
As we are dealing with a less favoured precious metal compared to the past, this will require some patience to hold onto these shorts.
I'm bearish for now...
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
www.facebook.com/groups/matitrader
🌐Website:
www.timonandmati.com
💰FREE Discord:
discord.gg/c8f37kyv35
Twitter:
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)