Gold Forming Potential Bullish Bat Pattern 01/13/2017
At the top of what I believe is a higher time-frame correction on gold may not be an ideal place to long but if there are no warning signs in the price action at the entry point I will take this trade. Additional confluences such as oversold RSI will be an added confirmation for an entry.
**I am waiting for a break of the lower yellow trendline as a confirmation to resume shorting gold so if this happens this idea will be cancelled.
This is not meant to be a trading signal so please do not use it as one -- I still have very much to learn as a trader and none of my ideas are trading advice. That said I always appreciate any comments and feedback on my charts and ideas!
**I am waiting for a break of the lower yellow trendline as a confirmation to resume shorting gold so if this happens this idea will be cancelled.
This is not meant to be a trading signal so please do not use it as one -- I still have very much to learn as a trader and none of my ideas are trading advice. That said I always appreciate any comments and feedback on my charts and ideas!
Order cancelled:
Pattern never completed and the trade is cancelled. I am currently updating my views on the idea below:
