TRADESBYZION

INSANE GOLD OPPORTUNITY

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Good night again everyone

Again, another weekly chart.
I will soon share my 1H or 4H chart analysis, so make sure you follow my profile so you get notified every time I post.

Here we have to factors that triggered my interest.
The double top formation, and a strong trend line (C).
Plus, a ragging channel marked with the leters B and D.
It makes me believe that the pair will be keen to short during 2021, so I've decided to open this position now.
There is a chance of almost endless PIPS, if entered at the right time !

Feel free to ask any questions, and to use this trade for your own !

Leave your opinion on comments, and show us some love by following our profile, so you get notified everytime I post.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.