So this is what im looking at for a short position entry
So once gold opens there should be a pop to the .236 lvl of 1677.304 but what i want is a pop above 1677.304 because it can be used as a resistance but if it does get above then i would get in a short at 1680.380 - 1681.917 for a perfect for a short with a tight short entry
Aggressive short entry: support or levels to break - .236 - 1677.403 Has to break 1665.643 (10%) or it can be used as a bounce zone/resistance if it goes down
Safe short entry: 1680.380 - 1681.917 Levels to break- -1677.302 -1665.643
TP 1 - 1665.643 TP 2- 1636.426 if 1665.643 gets broken and used as a resistance should come down here around wednesday and we will get a bounce at this zone because of cpi and job reports
Any questions feel free to ask will be here to answer
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bullish if gold closes above 1683
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will let you guys know when i got in and why
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so at the moment if you look at the 4 hour there is a fake break down so watch for the retest i dont think the .236 can hold it down and we also need to break and close below the 20 ema on the hourly
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i think we might get a bounce at 1670 if it break under then ima get into a sell