Gold Futures
Short
Updated

Gold futures - shorts from the level?

450
on the monthly timeframe came to the level on the overvalued ATR.
snapshot

on the weekly timeframe the level is the same, came up on a normal ATR if you compare the last 5 candles.
snapshot

on the daytime timeframe closed under the level. Could be a breakthrough, but only after consolidation.
I'm counting on a false positive.
snapshot

on a 4:00 timeframe. wasn't going to make it to the level.
indicators AO, RSI show that the price goes up without a driving force.
the scenario on the chart.
Trade closed: stop reached
the deal's not active.
Note
new idea
Gold, time for a correction.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.