Expecting gold to go down..Short on XAU
Updated
Have not posted in a long time being occupied with my personal life. Hope to be doing this more often.
Going short with my first idea in a long time on Gold.
I am expecting Gold to move down from the diagonal. Once it breaks the trend it may bounce off from 1775, move upto 1795 to correct and then down again to 1745 - 1740.
Targeting anything between 1745 - 1740 once i see rejection.
Please comment and let me know if you agree with this and have any improvements that can be considered.
Thanks.
Going short with my first idea in a long time on Gold.
I am expecting Gold to move down from the diagonal. Once it breaks the trend it may bounce off from 1775, move upto 1795 to correct and then down again to 1745 - 1740.
Targeting anything between 1745 - 1740 once i see rejection.
Please comment and let me know if you agree with this and have any improvements that can be considered.
Thanks.
Trade active
Price has moved up again to the trend not breaking down from the diagonal. We must wait for the price to break from the diagnol retest and reject for the idea to work and go short.
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