Are your ready for the next downfall on GOLD?
If you've missed our analysis yesterday, make sure to check it out and that way you're aware of what's currently going on.
We're still expecting another downfall on GOLD, and that's the idea while we're in a downtrend.
Right now, price is at resistance and that's a good moment to sell.
While market is below 1760 it's more likely to see a drop rather than price accelerating.
Those are the trades that we're looking for - short trades. We're always looking for the higher probability.
Right now we even have a decent risk to reward ratio, therefore if we get an engulfing signal then we would consider this as an entry signal/
Price has already completed some of that move so if you will be entering do not use a big lot size!
If you like what we do make sure to support us by giving us a like and leaving a comment below this post!
Thanks!
We're still expecting another downfall on GOLD, and that's the idea while we're in a downtrend.
Right now, price is at resistance and that's a good moment to sell.
While market is below 1760 it's more likely to see a drop rather than price accelerating.
Those are the trades that we're looking for - short trades. We're always looking for the higher probability.
Right now we even have a decent risk to reward ratio, therefore if we get an engulfing signal then we would consider this as an entry signal/
Price has already completed some of that move so if you will be entering do not use a big lot size!
If you like what we do make sure to support us by giving us a like and leaving a comment below this post!
Thanks!
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💰 PAID SIGNALS AND ANALYSIS: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
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