Gold Reached 1839 First Profit Target On The Long Term Short

Traders, Gold today finally reached our first profit target level for long term short. At this level, we can expect gold to move higher but as it is month end and soon year end is coming I will be extra cautious in taking a long positon. On the higher time frame, there is still a strong possibility of it going down. So we need to be extra cautious.

Horizontal lines are support/resistance and important levels. At these levels we can take profits or start new positions based on the confirmations.

Attached are the ideas which will show more in depth analysis of gold.

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Take care and trade well
-Vik

Disclaimer:
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions.
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