Another gold short
Updated
So I enter gold again after stop out thi morning for nice money. Now I enter again because
*gold pull back to resistant line make good entry point
*rsi still making lower low with price
*price below center regresssioin line
*descended triangle which usually meaning reversal, but see price still at top of wedge so still good profiting potential even if reversal at bottom line of wedge. Here I take half profit then watching how price reacts.
*also pivot is weak that I show because this weak pivot reacting to prior pivot. So this weakens it.
*gold pull back to resistant line make good entry point
*rsi still making lower low with price
*price below center regresssioin line
*descended triangle which usually meaning reversal, but see price still at top of wedge so still good profiting potential even if reversal at bottom line of wedge. Here I take half profit then watching how price reacts.
*also pivot is weak that I show because this weak pivot reacting to prior pivot. So this weakens it.
Trade closed: stop reached
I exited at 1780.6. It become a little too volatile here it has become. So I take my money and go. I might be missing out on big payday, but I’m okay to without the worry. Win 130 ticks
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.