Gold looking like its ready for the FULL SEND Down!
what's up my good people! Looking here at gold on the 4hr time frame we have a few things in play that we want to be paying attention too! as soon as we break this small tight consolidation trend // pattern I'm anticipating a full drop back down to support! However if we break down below the support we can carry on down to our next level of support this is where we have our TP 2 area aligned
reason for the selling bias here is we have seen price break up and immediately drop down acting as a potential liquidity run to the down side not once but both times! price on the rsi is showing price action is continuing to go down while price action is continuing to the upside!
waiting for trend to break down to the downside and will enter immediately to the down side!!!
reason for the selling bias here is we have seen price break up and immediately drop down acting as a potential liquidity run to the down side not once but both times! price on the rsi is showing price action is continuing to go down while price action is continuing to the upside!
waiting for trend to break down to the downside and will enter immediately to the down side!!!
Trade closed: target reached
LETS GET IT!!!!!
Christopher Germond @therealbinarymaster
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.
Christopher Germond @therealbinarymaster
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.