Hello
My take on another sell opportunity on Gold.
* After a really sharp move up wards, there has to be a correction against that move, which is happening right now. I'm looking at a scalp move downwards to 2041 levels.
* Expanding flat in the making
* B wave currently being formed
* No divergence in the MACD is another sign of it not being ready to move up just yet
* Place stop just above the high as it might move up to mitigate the gap
Trade with care
My take on another sell opportunity on Gold.
* After a really sharp move up wards, there has to be a correction against that move, which is happening right now. I'm looking at a scalp move downwards to 2041 levels.
* Expanding flat in the making
* B wave currently being formed
* No divergence in the MACD is another sign of it not being ready to move up just yet
* Place stop just above the high as it might move up to mitigate the gap
Trade with care
Trade active:
Placing my stop loss at break even. Letting it ride and do whatever it wants. STRESS FREE RIDE
Trade closed: target reached:
Take profit hit and DAILY TARGET met! Have a great weekend folks.