Charlestrad3r

Bearish signs

Short
Charlestrad3r Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
RVOL increasing and rate of change going negative
Currently sitting at the hourly 200 MA and 4 hour 50 MA
Wait for the Hourly to close under base at 1554.80, bearish confirmation if close under 200 MA, stop above 1558, Target 1535
Trade closed: stop reached:
Started out well, couldn't hold under 200 ma, move on to new setup

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.