Hello traders,
I would like to share my opinion on GOLD across multiple timeframes. It seems that the price is currently passing through the daily sell stops, and if it strongly closes below this zone in higher timeframe , the next level to watch would be around $2150.
To increase confidence in this analysis, it is advisable to wait for the completion of a pullback in the 1-hour timeframe before considering a short position.
However, it's important to closely monitor the price action, consider other technical indicators and market factors, and be aware of any news events that could impact the price of GOLD.
If you have any further questions or need clarification, please let me know.
I would like to share my opinion on GOLD across multiple timeframes. It seems that the price is currently passing through the daily sell stops, and if it strongly closes below this zone in higher timeframe , the next level to watch would be around $2150.
To increase confidence in this analysis, it is advisable to wait for the completion of a pullback in the 1-hour timeframe before considering a short position.
However, it's important to closely monitor the price action, consider other technical indicators and market factors, and be aware of any news events that could impact the price of GOLD.
If you have any further questions or need clarification, please let me know.
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