We are currently at another bounce off the 61.8%
waiting for price to create a second wave or a V to reduce the risk of of buying after this bearish impulse.
I am waiting for a breakout and price to have a strong push above 2403 and retest prior to looking for entries to reduce downside risk.
Last trade I rode it up and then caught some of the short:
Term/https://www.tradingview.com/chart/XAUUSD/diIVFTYM-Gold-Outlook-Short-Term/
waiting for price to create a second wave or a V to reduce the risk of of buying after this bearish impulse.
I am waiting for a breakout and price to have a strong push above 2403 and retest prior to looking for entries to reduce downside risk.
Last trade I rode it up and then caught some of the short:
Term/https://www.tradingview.com/chart/XAUUSD/diIVFTYM-Gold-Outlook-Short-Term/
Trade closed: target reached
Beautiful trade that just required some patience. Great opportunity to take some short positions however short lived they are.
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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.