This monthly chart shows that Gold is breaking every potential support since it started the decline from Mar. 2022. Let's see where next support/target could be:
1. a close above the orange Centerline is an indication for long
2. a close below the orange Centerline is bearish. Next support would be at the yellow dashed Warning-Line.
3. If 2. fails, the most potential lowest point would be the red Centerline and/or even the Orange L-MLH.
So there we have it.
Short plays? Why not, on daily pullbacks? Selling Call Spreads with decent Risk management could play out pretty good the next months.
Let's see and observe.
1. a close above the orange Centerline is an indication for long
2. a close below the orange Centerline is bearish. Next support would be at the yellow dashed Warning-Line.
3. If 2. fails, the most potential lowest point would be the red Centerline and/or even the Orange L-MLH.
So there we have it.
Short plays? Why not, on daily pullbacks? Selling Call Spreads with decent Risk management could play out pretty good the next months.
Let's see and observe.
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🔱 FOLLOW & BOOST ME 🔱
✅ Learn to make money
✅ Earn while learning
✅ Wins & losses go hand in hand
🔱 Free E-Book: howtochart.com/forktradingblueprint
👉 YT: youtube.com/@howtochart
👉 Web: HowToChart.com
✅ Learn to make money
✅ Earn while learning
✅ Wins & losses go hand in hand
🔱 Free E-Book: howtochart.com/forktradingblueprint
👉 YT: youtube.com/@howtochart
👉 Web: HowToChart.com
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.