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Trading_Wulf
Aug 26, 2016 10:50 AM

GOLD Waiting for rally up Short

Gold FuturesCOMEX

Description

Gold is likely to bounce off the two orange resistances. The first one is pretty strong but the price can rally up to the edge of the wedge and give us an excellent shorting opportunity.

Comment

You can also go long until the nearest resistance. Stop-loss behind the nearest low.

Comment

Entry Triggered

Comment

If you close now you in a pretty good shape with around 1,2% if you risk 1% per trade.
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