Gold long to 1250 after successful short
Gold is playing out as I outlined yesterday with prices falling from resistance/ascending trendline from 1218 to 1208. I am looking for a long from here to 1250 with 1:3 risk/reward. Happy trading!
Note
This one is not looking good after the bearish engulfing daily candle, and no evidence of bullish price action of lower time frames. On a break below this level a I will watch for short entries.
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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.