GC - Gold retests the L-MLH for a short

Sep 15, 2023

Since gold broke out of the L-MLH, I was waiting for this opportunity. This is a nice test of the L-MLH.

Be aware that it could drop and come up again for a re-Test of the L-MLH. So stops have to be places accordingly.

As for the red Centerline, we also have to be aware that the CL was already reached back on Aug. 17th.
So any accelerator could pump up GC back into the white Fork.

Sep 21, 2023

Trade closed: target reached

I got stopped out on the daily.
But I re-entered and got my target in the second run.


On the weekly I would stay in the trade for longer drop.

However, I wait for a pullback.

Sep 28, 2023

Note

Daily TF:

Price breached the L-MLH of the yellow Fork.
Now new target is the CL of the red Fork.