Publishing a potential reversal in gold, offering an initial 6.8 R/RR i think NFP tomorrow will ultimately determine the direction of this. Would be happy to short if 1250 breaks as the risk / reward simply inverts and offers good potential. Looking very oversold on the RSI but it has been lower in the past. Also, we are on our 8th consecutive down day, which...
Publishing a potential gold reversal with an initial R/RR of 6.8. I think NFP tomorrow will ultimately decide the direction of this, would be happy to short if 1250 breaks tomorrow.
I have been long since around 1000 - think RSI needs to cool off a touch before an assault on 1175, will add on any weakness. Notional value of my trade is around £20k - £20ppp