Selling Gold on the Retracement
I'm under the impression that Gold will correct to approx. $1254.
I've got a 'Magic Fibo' target, an Elliot Wave ABC corrective wave target, and low volume nodes on the volume profile.
We've just broken below, and retested some pretty heavy intraday support, and with that my algo triggered for a sell on the 15m candles. Really liking this entry.
Putting stop-loss at a comfortable $1294.66.
Take profit a little above support at $1257.66.
Win gives us ~300 pips.
A loss takes ~80.
Hope it drops, and drops hard!
I've got a 'Magic Fibo' target, an Elliot Wave ABC corrective wave target, and low volume nodes on the volume profile.
We've just broken below, and retested some pretty heavy intraday support, and with that my algo triggered for a sell on the 15m candles. Really liking this entry.
Putting stop-loss at a comfortable $1294.66.
Take profit a little above support at $1257.66.
Win gives us ~300 pips.
A loss takes ~80.
Hope it drops, and drops hard!
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