SHORT IDEA ON GOLD
Hi Folks:
Important resistance hit today. Descending channel upper trendline (red line) has proven so far to be quite strong.
Russia - Ukraine conflict may trigger a massive buy orders if something happens there but I hope it doesn't and a diplomatic solution will be found shortly.
Until there business as usual and with the rate hikes expected I think this is the highest area we could hit, with a margin of error of +8 dollars from today's top.
Loaded of shorts till 1735.
STAY SAFE. Cheers.
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Remember, if you liked this idea don't forget to click LIKE and FOLLOW. That will encourage me to continue charting for you.
Important resistance hit today. Descending channel upper trendline (red line) has proven so far to be quite strong.
Russia - Ukraine conflict may trigger a massive buy orders if something happens there but I hope it doesn't and a diplomatic solution will be found shortly.
Until there business as usual and with the rate hikes expected I think this is the highest area we could hit, with a margin of error of +8 dollars from today's top.
Loaded of shorts till 1735.
STAY SAFE. Cheers.
-------------------------------------------------
Remember, if you liked this idea don't forget to click LIKE and FOLLOW. That will encourage me to continue charting for you.
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