Gold is currently on all-time highs. On Friday April 05, gold reached its ATH again, at $2,330!
It's therefore very difficult and rather risky to take positions on levels like these.
I'm still a buyer of gold (how could I not be?!), but there's one area to keep an eye on.
Indeed, if the ASL marked by $$$ on my chart is liquidated, then it could well be that we'll correct lower and go short on the market.
So we'll be keeping a close eye on this zone, which would mark a CHoCH, in order to potentially take a sale.
Feel free to put a boost on this post if you enjoyed my analysis, and tell me what you think!
Happy trading and a great week :)
It's therefore very difficult and rather risky to take positions on levels like these.
I'm still a buyer of gold (how could I not be?!), but there's one area to keep an eye on.
Indeed, if the ASL marked by $$$ on my chart is liquidated, then it could well be that we'll correct lower and go short on the market.
So we'll be keeping a close eye on this zone, which would mark a CHoCH, in order to potentially take a sale.
Feel free to put a boost on this post if you enjoyed my analysis, and tell me what you think!
Happy trading and a great week :)