A downside break of the range GOLD was trading within last week opens up opportunities to short. My analysis identifies two possible entries based on price action.
1. We may see a pullback and retest of resistance at around the 1288.5 mark. A rejection here is a short signal.
2. Price may fail to find support at 1280. A failed retest of this level is a short signal.
First target is 1265.
1. We may see a pullback and retest of resistance at around the 1288.5 mark. A rejection here is a short signal.
2. Price may fail to find support at 1280. A failed retest of this level is a short signal.
First target is 1265.
Handel aktiv:
Short signal confirmed as per entry number two.
Trade stängt: Stopp nått:
Looked promising for a while but stop loss was triggered today. GOLD currently trading at around 1302.