Long to your short entryBoomer gold is still bearish, but shorting here has low R/R
This is a mean reversion trade
High volume profile node
D1 RSI oversold - potential mean reversion
Price is far from D1 kijun - potential mean reversion
Dumped harder than the other precious metals
Millenial gold (BTC) might've just bottomed and may help boomer gold's recovery
For tokenized gold, I personally prefer PAXG, but XAUT is fine too if your broker/exchange doesn't have PAXG.
As always,
Not a financial advice.
COINBASE:BTCUSD
OANDA:XAUUSD
GEMINI:PAXGUSD
BITFINEX:XAUTUSD
