Gold Short
Updated
We see gold is in a down trend since few months.
After the break of support at around 1301.00 - 1306.00 in the beginning of October we are now retracing back to that level. This is also 618 retracement.
Price is now around 1304 and making a double top on the smaller timeframe.
Also RSI is overbought.
I'm selling gold with 3 TP targets.
Let's see
After the break of support at around 1301.00 - 1306.00 in the beginning of October we are now retracing back to that level. This is also 618 retracement.
Price is now around 1304 and making a double top on the smaller timeframe.
Also RSI is overbought.
I'm selling gold with 3 TP targets.
Let's see
Trade active
Big gap at market openingComment
First target hitComment
Second target hitTrade closed: target reached
3rd and last target hit. Made nice profitDisclaimer
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