Market has been in the Price Range. Bullish Trap was there above 1430.00 as the Bar was closed much lower in the end. Meaningful Engulfing Bear Candle printed on the chart that can initiate Bear Trend below 1415.00. SHORT the Market @ 1413.50. Initial Stop-loss is @ 1417.50
Gold registered Highest High @ 1453.00 last week during its Bull Run extended over weeks & months. Reasonably enough bars are there to form a rectangular Price - Range (1415.00 - 1430.00) after reversing from the weekend Top. Any 4 hour Bar closing above 1430.00 may resume the Major Trend. Buy the High of that up-closed Bar. Initial Stop-loss is @1426.00 &...
