Gold, momentum to the downside taking strength
Updated
Having failed the second long entry, it is becoming apparent to me that the likelihood of some more downside may be on the horizon.
We have lost the low created before making the higher high, therefore, the character has shifted to a corrective state. Short term, I am looking for support to find itself around our current area, heading towards the 0.236 of the entire range, and potentially entering a continuation short, in this case I'd like there to be hidden bearish divergence if we reach that 0.236 level, giving me more reason to enter a short.
We have lost the low created before making the higher high, therefore, the character has shifted to a corrective state. Short term, I am looking for support to find itself around our current area, heading towards the 0.236 of the entire range, and potentially entering a continuation short, in this case I'd like there to be hidden bearish divergence if we reach that 0.236 level, giving me more reason to enter a short.
Order cancelled
Gold has hit my target for my short, therefore the short has been cancelled as my entry was invalid, to be completely honest, I am waiting Gold to make some structure before entering in any trades, Have a good weekend.
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.