Short
GOLD SHORT H4
Market Structure: Ranging Market
Area of Value: Resistance
Entry: Bullish candle from the resistance level
Exit if Right: 3 tranches on possible areas of rallies
Exit if Wrong: invalidation of the ranging market, breakout
RRR: 1:3
GOLD is highly overbought brought by the news, my prediction is that Gold will recorrect itself before continuing whatever trend it's suppose to go.
Area of Value: Resistance
Entry: Bullish candle from the resistance level
Exit if Right: 3 tranches on possible areas of rallies
Exit if Wrong: invalidation of the ranging market, breakout
RRR: 1:3
GOLD is highly overbought brought by the news, my prediction is that Gold will recorrect itself before continuing whatever trend it's suppose to go.
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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.
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.