after gold set lower high on 4h and dropped to a demand zone 1523 -1527, for me, it was enough to look for a short trade on 4H.
I am paying close attention to an orange demand zone and wait for a bearish breakout of it to short. if breakout condition is met, we can execute the trade: T1 - 1512 T2 - 1500
IF the market respects the support and sets new higher high, higher close, the setup will be invalid.
Comment
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Bulls were rejected one more time! Very good signal for all who short :)
I won't trade gold right now, at least not selling only buying. There's so much tension in the markets I can literally hear the bomb ticking. My take is that UCHF going to sink like the Titanic and Gold gonna pay a visit to Neil Armstrong in the moon.
this is the conditional trading setup, so I am trading it only in case of breakout!
SRTUV1
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@VasilyPonomarev, No worries ;), now that some pressure has been released out of the market via EUSD, we can now confidently make this trade using the daily chart for reference.
My TP for this trade are:
TP1: 1511.00
TP2: 1509.00
TP3: 1507.00
Hope you guys take advantage of this opportunity!
Djvngo
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trade is active !
vadimsaf
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Hi Vasily.
If you took this position where was SL?
I seel at 1523.92 and 1521.51
SL 1531.88 lost -103.70 pips
vadimsaf
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Thank you for your comments.
It is very important.Maybe now is the right time to add sell positions?
Tamilkumar
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Missed out "Evening star" trades :(.Hopefully it will come to 1490 zone.
ProTraderNataliaRUS
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Missed your previous trade on gold, Vasily!
But hopefully will trade this...
Waiting for breakout !