Gold FuturesShort
Another gold short
Updated
So I enter gold again after stop out thi morning for nice money. Now I enter again because
*gold pull back to resistant line make good entry point
*rsi still making lower low with price
*price below center regresssioin line
*descended triangle which usually meaning reversal, but see price still at top of wedge so still good profiting potential even if reversal at bottom line of wedge. Here I take half profit then watching how price reacts.
*also pivot is weak that I show because this weak pivot reacting to prior pivot. So this weakens it.
*gold pull back to resistant line make good entry point
*rsi still making lower low with price
*price below center regresssioin line
*descended triangle which usually meaning reversal, but see price still at top of wedge so still good profiting potential even if reversal at bottom line of wedge. Here I take half profit then watching how price reacts.
*also pivot is weak that I show because this weak pivot reacting to prior pivot. So this weakens it.
Trade closed: stop reached
I exited at 1780.6. It become a little too volatile here it has become. So I take my money and go. I might be missing out on big payday, but I’m okay to without the worry. Win 130 ticks
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