$Gold - NOT a head and shoulders yet
Great example of why waiting for the momentum is so important.
Right now, the trade plan makes sense from a technical perspective but as long as 1245 holds, there is no reason to sell.
Price has bounces multiple times here.
Price made a lower high but NOT a lower low yet and price is trading just at a previous market top. A break below 1245 could mean more selling. A bounce will cancel this trade idea.
Right now, the trade plan makes sense from a technical perspective but as long as 1245 holds, there is no reason to sell.
Price has bounces multiple times here.
Price made a lower high but NOT a lower low yet and price is trading just at a previous market top. A break below 1245 could mean more selling. A bounce will cancel this trade idea.
I have been trading for 15 years!
> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: tradeciety.com/webinar/
> Free blog: tradeciety.com/blog
> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: tradeciety.com/webinar/
> Free blog: tradeciety.com/blog
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.