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AlphaDreams
Mar 31, 2017 2:21 PM

Friday, Gold, Watching main short channel. 

Gold/U.S. DollarFXCM

Description

The final day of the month, finishing Trump's first quarter. If the markets push for a positive close, I'll hold these shorts to finish once wave 5 starts and we break the original downward hourly channel. Here I'm showing on 4h since it's a little cleaner of the lower TF noise. RSI can print a higher low even if PA prints a lower low so I'll keep an eye to see what is really happening and for when/if the turn is near.

Not a trade, just what I'm watching for my trades. Currently I'm short from 1258, 1253...

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Reference the "Daily Gold" below for details regarding trade ideas beyond today's movements.

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