BullBearMkt

GOLD PRICE IS WEAKENING BUT IS NOT TIME TO SELL

FX:XAUUSD   Gold Spot / U.S. Dollar
Looking at gold daily chart , it's obvious the price is weakening but it is not yet time to start selling the precious metal. To short gold , price needs to violate swing low at 1480.34 (dotted arrows) a pullback will be a good time to short the market.

As it stands, if the price is rejected between 1480.34 and 1493.18 (solid arrows), gold is still a buy. A break of the swing high at 1556.88 means gold is still going higher...

PLAN YOUR TRADES AND TRADE YOUR PLANS
Thank you for your analysis brother..
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BullBearMkt georgealassad5
@georgealassad5, It's a pleasure.
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