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A Daring Short on Gold
In confluence with few major analysis:
1. gold will rally into a strong supply zone (Point of control on volume profile).
2. at which, fib retracement of 61.8% is significantly intact.
3. Downtrend line in confluence to the above levels.
4. The 20MA crossed 50MA, 50MA on blue would signify the entry to short.
It is the rally towards downtrends on GOLD.
Let's ride!
1. gold will rally into a strong supply zone (Point of control on volume profile).
2. at which, fib retracement of 61.8% is significantly intact.
3. Downtrend line in confluence to the above levels.
4. The 20MA crossed 50MA, 50MA on blue would signify the entry to short.
It is the rally towards downtrends on GOLD.
Let's ride!
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