SHORT IDEA on GOLD. Channel upper trendline resistance hit
Hi Folks:
Here's my view on GOLD. We are approaching an important key level at 1832-1834. Interest rate hikes are coming very soon and gold prices is, perhaps, giving us the last chance to short from nearly the top.
Do not overtrade and adjust always your positions based on your margin.
STAY SAFE. Cheers.
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Here's my view on GOLD. We are approaching an important key level at 1832-1834. Interest rate hikes are coming very soon and gold prices is, perhaps, giving us the last chance to short from nearly the top.
Do not overtrade and adjust always your positions based on your margin.
STAY SAFE. Cheers.
-------------------------------------------------
Remember, if you liked this idea don't forget to click LIKE and FOLLOW. That will encourage me to continue charting for you.
Comment:
The calm before the storm. I can't recall a trading session with such a short range (only 4 bucks at the moment of writing). That means forces are even and there is not enough data to pick sides. Anything could happen at this point.