Vladimir RibakovOwner, Chief Trader at Home Trader Club (Former Traders Academy Club), Owner, Chief Trader at Home Trader Club (Former Traders Academy Club) · Owner, Chief Trader at Home Trader Club (Former Traders Academy Club)

GOLD analysis and sell trading plan - 28 May 2024 #forex #trading #forextrading #shorts

28 May 2024 · 1 min

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Vladimir Ribakov analyzes gold's daily chart, where price made higher highs while MACD made lower highs, signaling weakening momentum. The 4-hour chart shows a broken trend line and pullback in progress. He suggests selling rallies as long as key Fibonacci levels hold.

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Hello traders, Vladimir here from Home Trader Club. Can gold provide short-term sell opportunities? Let's take a look on the charts. On a daily chart, bearish divergence was completed— higher highs on the chart versus lower highs on the MACD moving average. The 4-hour chart trend line, the last trend line connecting the recent lows, was broken to the downside. Pullback is happening, and as long as these Fibonacci levels, as we can see on this chart, hold, short-term sell the rallies could provide an interesting opportunity. Join Home Trader Club for complete trading courses, real-time trading education, and real-time trading opportunities.