The best place for Short Gold is
Gold 2 weeks ago broke down 4 — months range. If you take a look on upper screenshot on W1. We see that price close under that zone on weekly. Also, as we see on chart price several times bounced from that level, that means it is key place for big players, they protect that level.
If we start think like a Market Maker for the moment we understood that, If i need to move instrument into some direction i need a power. That power is volume. We don't know into what direction big players accumulate position until they show it.
If range was between $1305 — $1363 and price broke it down on weekly that means big players accumulated big position for short. I am 90% sure that price will move down to 6 - months low $1236. For another 10% i have S/L.
I opened Sell at $1301.1
For you i recommend to open short on pullbeaks.
Under this Ideal I wrote a link on my telegram channel where i post more ideas and update current situation.
If we start think like a Market Maker for the moment we understood that, If i need to move instrument into some direction i need a power. That power is volume. We don't know into what direction big players accumulate position until they show it.
If range was between $1305 — $1363 and price broke it down on weekly that means big players accumulated big position for short. I am 90% sure that price will move down to 6 - months low $1236. For another 10% i have S/L.
I opened Sell at $1301.1
For you i recommend to open short on pullbeaks.
Under this Ideal I wrote a link on my telegram channel where i post more ideas and update current situation.
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