Gold formed a Head and Shoulders pattern after kissing the strong Supply zone from April 2013. Clearly it's been a long time since price has been here for Gold.
I'm actually longer term bearish on Gold right now but the chart is giving me a nice sell signal and so I'm in.
However, because of my bullish long term bias, I will be quick to get out if price tells me I'm wrong.
Happy Trading!
I'm actually longer term bearish on Gold right now but the chart is giving me a nice sell signal and so I'm in.
However, because of my bullish long term bias, I will be quick to get out if price tells me I'm wrong.
Happy Trading!
Comment:
To clarify I'm long term bullish in gold right now but shorter term bearish.
Trade closed manually:
Cut my loss on this one