Gold prices would need to close below that upper trend line for us to consider a short term sell. We would also ideally like to see a retest of that trend line as resistance.
Looking for a potential short on the FTSE 4 hourly chart. We need to see a break and close below the ascending trend line. We have MACD Divergence so just need to see a set up and trigger candle.
Looking for the first 4 hours of trading Monday to review.
As we see gold rally back to 1300. Expect some resistance at that level. Also we are ultimately looking for an opportunity to scale into a trade on the short side.
