Short based on current price action and Clone level Resistance

Gold has been down since the NFP release on Friday . Green box on chart is the resistance area. As long as the price trades below the top(1340) of the green box the move is more in favor of downside . I take this as opportunity of a good Risk Reward trade.

Entry :Market or 1334
Target : 1327 potential upto 1317
Stoploss: 1340

Trade idea will be invalid if it goes above 1340

If you want to know more about Clone then please visit the profile of @nmike at tradingview.

Kommentera:

this is still valid idea

Kommentera:

Idea is not valid , i will be posting otherone soon