In addition to my previous idea: We have a bearish channel on gold, price is close to the upper limit, and we have a strong bearish cypher. This is definitely a short. Convergence of these indicators makes this trade fairly safe.
Fundamentals - Watch for FOMC news and US Consumer confidence index publication during the week - These could impact the U.S dollar. But overall, no sign of a strong depreciation of the US dollar, therefore, trade seems safe.
Aim for an entry around 1350. I personally use Ichimoku on a smaller time-frame (15m/30m) and watch for a cloud break to enter the trade.
!!! Trade canceled if price breaks upper limit!!!
Fundamentals - Watch for FOMC news and US Consumer confidence index publication during the week - These could impact the U.S dollar. But overall, no sign of a strong depreciation of the US dollar, therefore, trade seems safe.
Aim for an entry around 1350. I personally use Ichimoku on a smaller time-frame (15m/30m) and watch for a cloud break to enter the trade.
!!! Trade canceled if price breaks upper limit!!!
Comment:
Getting ready to enter the trade, probably around 1354-1356.
Trade active:
Entered the trade at 1354.80.
Entered the trade at 1354.80.
Comment:
Price testing the 1341.18 resistance. Bounce might occur but is unlikely.
Price testing the 1341.18 resistance. Bounce might occur but is unlikely.
Comment: