Practical textbook shorting gold example
special to xionlee spotting small time frame characteristic. (although he is bullish short term)
Gold currently at its best risk and ratio position for shorting.
At small time frame it tested the neckline and pulled back.
At medium time frame gold retraced 0.618 from the previous peak.
At large time frame we should be expecting a AB=CD trend
SHORT: 1797, Stop Loss; 1805
tp1 :1763
tp2 :1730
tp3:1703
Gold currently at its best risk and ratio position for shorting.
At small time frame it tested the neckline and pulled back.
At medium time frame gold retraced 0.618 from the previous peak.
At large time frame we should be expecting a AB=CD trend
SHORT: 1797, Stop Loss; 1805
tp1 :1763
tp2 :1730
tp3:1703
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.