26/07 Gold
An interesting past couple of days, gold running mega high and dumping, catching many off guard, but also according to many plans, it sure wasn't my plan, however, it's time to adapt.
I'm looking for a potential short as we have lost a critical support zone of the higher high range.
What was once the good buy zone now turns into the good short zone, I am using areas of interests like an 8 Hour gap for my entry which also lay just above that resistance line, potentially getting in a short cheaper as an upside fake out happens.
However, the market moves the way it wants to, not how I think it should, so we'll have to wait and see how this one plays out
Happy Trading.
I'm looking for a potential short as we have lost a critical support zone of the higher high range.
What was once the good buy zone now turns into the good short zone, I am using areas of interests like an 8 Hour gap for my entry which also lay just above that resistance line, potentially getting in a short cheaper as an upside fake out happens.
However, the market moves the way it wants to, not how I think it should, so we'll have to wait and see how this one plays out
Happy Trading.
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.