HS pattern vs Ascending Channel. You pick, I SHORT
Hi Folks:
Spotted a HS pattern with bearish outcome BUT there is an ascending channel fully respected so it is up to you what to do next.
I am going to hold shorts mainly because of the interest rate hike in USA that gonna make dollar stronger and because the worst in the pandemics seems over already and GOLD seems a bit price with current fundamentals.
The only thing that makes me a bit cautious is the Russia Ukraine tension. With USA sending troops there and asking for a descalation of the tensions doesn't seems to match what they request to the russians. Let's pray for a wise and peaceful resolution of the conflict. Wars are always a lose for everyone.
STAY SAFE. Cheers
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Spotted a HS pattern with bearish outcome BUT there is an ascending channel fully respected so it is up to you what to do next.
I am going to hold shorts mainly because of the interest rate hike in USA that gonna make dollar stronger and because the worst in the pandemics seems over already and GOLD seems a bit price with current fundamentals.
The only thing that makes me a bit cautious is the Russia Ukraine tension. With USA sending troops there and asking for a descalation of the tensions doesn't seems to match what they request to the russians. Let's pray for a wise and peaceful resolution of the conflict. Wars are always a lose for everyone.
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.
