I am in a GOLD SHORT position with tight stops above the highs at 1440.00 targeting 1347-1345 area. GOLD was a bit over bought in these areas so we can expect a small pull back.
But I would recommend to be careful as the long term trend is still very much BULLISH.
If you are really conservative, you can look for a retracement back up towards 1400-1410 before getting short for better risk to reward
But I would recommend to be careful as the long term trend is still very much BULLISH.
If you are really conservative, you can look for a retracement back up towards 1400-1410 before getting short for better risk to reward