swinging gold short I've labeled everything on the chart i am in the trade now, two days of very bearish candles right on strong resistance/ Fib line. i expect it to drop to the next Fib line/green trend line then retrace slightly i may add to my positions here. then down to the Final TP is market conditions are good. MACD crossover indicates Bearish momentum. a break of the resistance zone would be bullish. Gold is in a long term down trend and is very close to the top of the bearish channel.
Kommentera
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Random Spike in Gold overnight i believe due to the USA/Russia/Syria conflict no one could have seen that coming, still short diddnt beat the bearish long term trend and MACD crossover is still valid