Gold potential short trade to 1700 (150 pips)
Updated
Here I see gold coming down to retest the 4 hour level of support which also aligns with a psychological level of 1700, also aligning with potential fib areas for the long.
Clear price action behaviour has indicated that we are in for a slight pull back as we failed to break previous resistance on the 4 hour leaving a huge wick to the upside.
My stop is above the high using correct risk management of-course. Trading what I see.
Clear price action behaviour has indicated that we are in for a slight pull back as we failed to break previous resistance on the 4 hour leaving a huge wick to the upside.
My stop is above the high using correct risk management of-course. Trading what I see.
Trade closed manually
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