tyalie14

Possible GOLD SHORT

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
Hello traders I have noticed an interesting scenario here on gold. IF you look at the D TF WE BROKE STRUCTURE SUPPORT LAST FRIDAY NFP. RIGHT NOW WHAT I SEE IS A POSSIBLE SQUEEZE ON LONGS. IF YOU look i have drawn out a ascending wedge where bulls have found support around 1458.9 but if you take a look at the zones i have drawn you'll see clear rejection at this current level. 4HR CORRECTIONAL LOWER HIGH HERE OR AT THE RED BOX DRAWN THATS WHY I DONT MIND TRYING HERE WITH LOW RISK. LASTLY IF YOU TAKE A LOOK AT THE DXY WE HAVE FOUND CLEAR SUPPORT AT THE LEVELS IT IS CURRENTLY TESTING.
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.