Hello fellow traders and investors,
In our earlier analysis we adviced you to buy untill the resistance would be seen. This is a good example of a powerfull resistance. We can see a daily shooting star combined with a serious confluence of divergence (both macd and rsi) at the monthly pivot.
Our short was queued at the resistance, but we always want you guys to play safe. Catching tops and bottoms is not easy, but it sure is lucrative.
Therefor our bias on gold changed to short, we are already shorting since the top with floating profits. It's not too late for you to join when it retraces some (We can't ensure there is a room for retracement left though).
Check our previous gold ideas to see we are not back-editing. It was all forecasted by us.
Good luck and don't forget to give us a thumb if you like our analysis!
Regards, ValescoTradingGroup
In our earlier analysis we adviced you to buy untill the resistance would be seen. This is a good example of a powerfull resistance. We can see a daily shooting star combined with a serious confluence of divergence (both macd and rsi) at the monthly pivot.
Our short was queued at the resistance, but we always want you guys to play safe. Catching tops and bottoms is not easy, but it sure is lucrative.
Therefor our bias on gold changed to short, we are already shorting since the top with floating profits. It's not too late for you to join when it retraces some (We can't ensure there is a room for retracement left though).
Check our previous gold ideas to see we are not back-editing. It was all forecasted by us.
Good luck and don't forget to give us a thumb if you like our analysis!
Regards, ValescoTradingGroup
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The first target is just a humble one, we expect much more pressure to the downside and to see a double bottom or maybe even new lows. But for now let us focus on the first target!
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We are adding here:
