So the safest trading plan is to join the trend and now we are looking for sell position. I would say the the best price to entry is the breakout zone. Although with this big movement, I doubt it can reach the zone, but it still the most safest zone according to trading SOP.
Anyhow, let just be careful again for today, as its mostly not predicted. Who knows what might happened when it reach our breakout zone for us to entry.
Have SL when you entry to avoid capital loss.
Remember to sell at resistance and buy at support because what I observe, its been its psychology for gold price for the past week. Its favor zone compared to SND zone.
Another thing is "support become resistance' and "resistance become support".
Breakout, Retracement, Entry
Safe trade guys
TP FM around 20pips already achieved.
Set BE and continue monitoring price movement
If price breakout 1740.10, we might hold our sell position.
Safe trade fellow traders
Sell position active.
Set BE to hold
Running 120pips max just now
with safe BE at 30pips.
Its a win guys.