Hello, Gold completed 2 months ago an inverse H&S of potential continuation (which is still valid) with target 1920. Amid uncertainty on markets, the direction is still not clear, but it is worth to notice we are probably in an accumulation phase (even with SPX back above 3000, gold does not fall). Currently trading in a channel within the extension area (green) and two retracement areas (blue and red).
Risky to take any position now, also because COT (commitment of traders) seems more biased toward a short. Lets see which direction gold will take before taking any action. Once I'll have a confirmation, I will enter via Options and let you know my metrics (SL and TP). Cheers!
Risky to take any position now, also because COT (commitment of traders) seems more biased toward a short. Lets see which direction gold will take before taking any action. Once I'll have a confirmation, I will enter via Options and let you know my metrics (SL and TP). Cheers!
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Are you a good trader but you lack the capital?
Or simply you don't want to risk it?
Trade forex, oil, crypto, indices, and keep 80% of the profits you make, while losses are covered!
Check it out now → ftmo.com/en/?affiliates=2427
Or simply you don't want to risk it?
Trade forex, oil, crypto, indices, and keep 80% of the profits you make, while losses are covered!
Check it out now → ftmo.com/en/?affiliates=2427
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。