GOLD is Selling From Highs

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

GOLD is having a retracement. It should be going lower towards the D L5 target.

The failure to break 1775 multiple times led traders to close their longs and GOLD started to drop. GOLD is selling from highs. We can spot the series of lower highs and lower lows. Continuation should happen if the market breaks 1848. In that case, watch for 1842 as the final target. Selling the rallies continues as the triangle has been broken.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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