GOLD Pinbar Short in a Daily TF

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

Gold has formed a shooting star in the zone which could instill the selling pressure.

By looking at the daily TF chart we can see a shooting star in the zone. Rejections from 1786 are imminent. If we don’t see a move above 1792 then 1750 and 1736 is on the list. This is a bearish market but it will also depend on the USD strength. I am bearish and have already made a short entry.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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