GOLD SHORT OPPORTUNITY!!!
The price yesterday closed with a very power bearish outside candle . This is what i call 'an Asian false breakout and reversal setup'. Setups like these we trade them live, therefore since i missed the break to the downside, I am going to have to catch a 50% retracement for a better short entry price. mind you, remember signals formed on strong weekly levels the price tend to respect the and follow through. I have be watching this price like a hawk. therefore let us see how it plays off.
Good Luck! :)
Good Luck! :)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.