Scaling into Short Gold...several smallish positions.
https://www.tradingview.com/x/6CIU7Suu/
XAU USD is starting to sell-off and 1 hour into Australian trading day, 3rd hour of the New Zealand trading day.
Gold is in a supply area of the RSI and Stochastics across all of the timeframes.
I plan to take this short for a day or 2 unless buyers come pouring in from nowhere, unlikely but still possible with all of the gold-bulls around the world & given that the price is in record territory.
XAU USD is starting to sell-off and 1 hour into Australian trading day, 3rd hour of the New Zealand trading day.
Gold is in a supply area of the RSI and Stochastics across all of the timeframes.
I plan to take this short for a day or 2 unless buyers come pouring in from nowhere, unlikely but still possible with all of the gold-bulls around the world & given that the price is in record territory.
Note
Support Zone for Gold XAU USD 2473 to 2483
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