Gold reaches the upper edge of this ascending channel. Unless Gold price hit this line hardly, I won't be too optimistic about the bull momentum and always hold the long position until 1600+.
The current resistence is 1554 (broke), 1560.
I would wait for a M15 bar confirmation to place a short position since it's giving me good risk&reward.
SL: 1565. tp 1540 at least.
The current resistence is 1554 (broke), 1560.
I would wait for a M15 bar confirmation to place a short position since it's giving me good risk&reward.
SL: 1565. tp 1540 at least.
Trade active:
1560 short opened
Trade closed manually:
I closed my position at 1548
