Reversal Patron in Gold Short

OANDA:XAUUSD240

GoldOANDA

Description

⋅ Jul 10, 2020 9:05 AM

Clearly gold overbought, and stocks increasing their momentum...
I see this reversal patron high Risk Reward ratio.

Trade active

⋅ Jul 15, 2020 4:54 PM

Entry Short 1812 level..Is active, in distribution mode (after distribution we will see a fall). No changes to original plan

Comments

similarZebra73776

⋅ Jul 10, 2020 2:55 PM

Nice analysis...wish it will happen...

lainish

⋅ Jul 15, 2020 4:56 PM

@similarZebra73776, Thanks for your comment...High Risk Reward opportunity, as Gold seems to be exhausted, and stocks are moving up, and Fed Fund Rate is increasing...Perfect moment to let gold take some breath. Anyway i will update weekly the position.
BR