Gold facing selling pressure. Are you ready?
Since the dread drop on previous Monday, we see buyers are pushing the price again towards the 1800 neighborhood.
Longs, don't laugh just yet. Is last Monday the start of the bulling trend?
My idea is, towards the 1790-1800, the selling presures are building up from the profit taking buyers, and the sellers.
From the wave and Tech analysis, we are this should be another potential high before the selling happens.
On Monday 8/16, I cleared all my long trades between 1782-1785 and got myself ready for any potential short trade.
Longs, don't laugh just yet. Is last Monday the start of the bulling trend?
My idea is, towards the 1790-1800, the selling presures are building up from the profit taking buyers, and the sellers.
From the wave and Tech analysis, we are this should be another potential high before the selling happens.
On Monday 8/16, I cleared all my long trades between 1782-1785 and got myself ready for any potential short trade.
Trade fechado manualmente:
buyers at 1770 are strong, we are consolidating for too long, exit first.