Gold - maybe a time to take profits

Name: Gold - maybe a time to take profits
Uploaded: 2019-02-23T06:55:40.539628
Channel: Captain_Walker
Description: Gold has had a good run north on the daily time frame and is coming into a powerful zone of congestion. It's not looking great for going long on the 1D now. There are opportunities for shorting on lower time frames but those do not look too good either. Possibly - just possibly - there may be more profit taking on this around this time. I'd be cautious with this one.

Oro al contado/Dólar estadounidense (FX_IDC:XAUUSD)

FX_IDC:XAUUSD Oro al contado/Dólar estadounidense

Trend Analysis Gold price priceaction trend Support and Resistance

trendanalysis gold price priceaction trend supportandresistance

Gold has had a good run north on the daily time frame and is coming into a powerful zone of congestion. It's not looking great for going long on the 1D now. There are opportunities for shorting on lower time frames but those do not look too good either. Possibly - just possibly - there may be more profit taking on this around this time. I'd be cautious with this one.

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