It's not going to be a complicated trade.
I'M watching gold's RSI 6 for around 12 years. This oversold level is quite rare.
Actually we dropped to 0,1 (!!!)
So I'm trying a small countertrend trade. This is going to have a small margin impact (3-5%).
The decline is not over yet but we will have a bounce here. Maybe 5$, maybe 8$.
You don't have to take this trade! We might just consolidate sideways and there could be only a 2-3 $ pop.
I will short gold again in a few hours.
Entry : 1221.4$
Check out RSI in the past....
I'M watching gold's RSI 6 for around 12 years. This oversold level is quite rare.
Actually we dropped to 0,1 (!!!)
So I'm trying a small countertrend trade. This is going to have a small margin impact (3-5%).
The decline is not over yet but we will have a bounce here. Maybe 5$, maybe 8$.
You don't have to take this trade! We might just consolidate sideways and there could be only a 2-3 $ pop.
I will short gold again in a few hours.
Entry : 1221.4$
Check out RSI in the past....
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Not touching the miners positions !
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OK. Let's start the bounce!
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Someone just had run the stops ...
A nice divergence is under construction.
A nice divergence is under construction.
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Divergence in RSI
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Waiting...
50EMA is still possible.
50EMA is still possible.
Trade stängt manuellt:
1228,20
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Close enough to the 50 EMA
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I usually don't scalp... this trade was successfull because the bullion banksters were on holiday yesterday...
Today they are back so get ready for the volatility again.
I want to wait if they create a bullish momentum above the 50EMA to stop out the night shorts and pull in more bulls into the false rally. I'm waiting for a short entry now.
Today they are back so get ready for the volatility again.
I want to wait if they create a bullish momentum above the 50EMA to stop out the night shorts and pull in more bulls into the false rally. I'm waiting for a short entry now.
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