VasilyPonomarev
Long

GOLD: Important Warning!!!

OANDA:XAUUSD   Gold Spot / U.S. Dollar

this is my weekly update for  gold  .

currently, I don't have any active position.
However, based on the question that I received this morning
I see that many traders missed yesterday's selling rally and still want to jump in.

Analyzing structure on the left, we can easily notice that  gold  has reached a key  support level  .
+we see a formation of a dodji candle and multiple rejections.

For this reason, I think it is late to sell the market,
I think the price will retrace from the identified support.

*If you want more ideas on  gold  , please, support the idea with like and leave a comment, thanks :)
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❗️VIDEO ANALYSIS https://youtu.be/kz0ea7V57gU

Comments

i dont have that doji on my chart
;)
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@kingpip4, ahhahah lol)
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I really like this idea and it matches with my own analyses, thanks for sharing this!
Reply
@tahmid_1, welcome, Tahmid!
Reply
Share your ideas and thoughts on GOLD here!
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