GOLD - Sell
Updated
Hi!
A possible Short-term trade opportunity on GOLD, criteria:
1. After a break below the trendline, it starts to work as a resistance - classical retest situation
2. Previously worked resistance level (orange line)
3. Round number 1300 should act as a resistance
4. Short-term lower highs and lower lows
5. EMA 100 and 200 is ready to make a death cross
6. February low should act also as a resistance
7. As usually, wait for rejection and a bearish candlestick pattern would be awesome!
Please, take a second and support my idea post by hitting the "LIKE", it is my only fee from You!
Thank You!
Have a nice day,
Cheers!
*This information is not a recommendation to buy or sell, it is used for educational purposes only!
A possible Short-term trade opportunity on GOLD, criteria:
1. After a break below the trendline, it starts to work as a resistance - classical retest situation
2. Previously worked resistance level (orange line)
3. Round number 1300 should act as a resistance
4. Short-term lower highs and lower lows
5. EMA 100 and 200 is ready to make a death cross
6. February low should act also as a resistance
7. As usually, wait for rejection and a bearish candlestick pattern would be awesome!
Please, take a second and support my idea post by hitting the "LIKE", it is my only fee from You!
Thank You!
Have a nice day,
Cheers!
*This information is not a recommendation to buy or sell, it is used for educational purposes only!
Note
To adjust just a little bit that rejection area then a PERFECT rejection would be also around $1307 because there we can add some criteria:8. 2015 high at 1307.58
9. EMA's acts as resistance levels
...and as said bearish candlestick pattern would be a perfect confirmation!
Also, share your thoughts on the comment section!
Have a nice weekend!
Related publications
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.