See callout bubbles. Pretty simple setup. Gold has room to fall before finding buyers. If price want to jump up into our zone, I think we'll find some sellers that we can join to drive the price down.
Always measure your risk and be okay with being wrong ; )
Always measure your risk and be okay with being wrong ; )
Comment:
Price came very close to our level and then turned around. This could mean that, in fact, there are stronger sellers in the level that we are actually planning to sell...
Comment:
Price came right into our zone and reacting as we have expected. Oddly, we will need some USD strength to hold this trade together.
My bias towards the USD right now is bearish, so this is an odd setup, but it's what the market was showing me, so I'll take it.
If you're a contrarian, you're on the right side of this trade as most are thinking Long for XAUUSD. Maybe we'll find the wind behind our back on this one? We'll see!
Always measure your risk and be okay with being wrong ; )
My bias towards the USD right now is bearish, so this is an odd setup, but it's what the market was showing me, so I'll take it.
If you're a contrarian, you're on the right side of this trade as most are thinking Long for XAUUSD. Maybe we'll find the wind behind our back on this one? We'll see!
Always measure your risk and be okay with being wrong ; )
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