Short then Long on Gold
Refer to the above chart for more detail.
Since the overall trend is still long, I am only interested to buy Gold but at the weekly demand zone (referring to the chart between 50% - 62% fibo. retracement.
Short term - short (sell) is also possible, but look for other confluences to support your decision and ensure that your risk to reward ratio is worth taking.
Let me know what are your thoughts on gold.
Cheers,
Renee xoxo
Since the overall trend is still long, I am only interested to buy Gold but at the weekly demand zone (referring to the chart between 50% - 62% fibo. retracement.
Short term - short (sell) is also possible, but look for other confluences to support your decision and ensure that your risk to reward ratio is worth taking.
Let me know what are your thoughts on gold.
Cheers,
Renee xoxo
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