COMEX:GCZ2019   GOLD FUTURES (DEC 2019)
Picked out 2 quality zones to short on Gold . Both are in a HTF supply zone and would be a continuation of the current downtrend into HTF Demand. I've set 2 targets for both zones. The first zone will have an activation rule about halfway through the zone. If price moves in my favor after hitting the activation price, the trade will trigger as it leaves the zone. If price moves past, the trade will not trigger and I will not take a loss. Price may reach the second zone and then move in my favor, triggering the limit order from the first zone on the way out.

First Entry
Stop: 1489.2
Entry: 1485.9 (Activation @ 1486.7)
Target 1: 1477.4
Target 2: 1461.7

Second Entry
Stop: 1497.1
Entry: 1494.2
Target 1: 1477.4
Target 2: 1461.7

Comments

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