We have entered Gold on the daily confirmation bar on a short trade. This is based on a daily P1 trend continuation move, and along with a weekly continuation trade move according to our smart money framework indicator. You can see on the image below on which part of the cycle we are in on the weekly timeframe and how that matches up with the daily. According to our OE tables, we can see that there is a 70% chance that the weekly potential low will be taken and for the short move to continue further.
Gold(Short)
E - 1925.6 ISL - 1953 T - TBC
Trailing stop at 1932
We will be tracking this move and updating the post as we go along on the charts and on video. Keep a look out for it traders.
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