SHORT IDEA ON GOLD
Hi Folks:
Important resistance hit today. Descending channel upper trendline (red line) has proven so far to be quite strong.
Russia - Ukraine conflict may trigger a massive buy orders if something happens there but I hope it doesn't and a diplomatic solution will be found shortly.
Until there business as usual and with the rate hikes expected I think this is the highest area we could hit, with a margin of error of +8 dollars from today's top.
Loaded of shorts till 1735.
STAY SAFE. Cheers.
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Important resistance hit today. Descending channel upper trendline (red line) has proven so far to be quite strong.
Russia - Ukraine conflict may trigger a massive buy orders if something happens there but I hope it doesn't and a diplomatic solution will be found shortly.
Until there business as usual and with the rate hikes expected I think this is the highest area we could hit, with a margin of error of +8 dollars from today's top.
Loaded of shorts till 1735.
STAY SAFE. Cheers.
-------------------------------------------------
Remember, if you liked this idea don't forget to click LIKE and FOLLOW. That will encourage me to continue charting for you.