gold is in a down trend is a nice simple sell order can be taken using the H1 price action signal DOJI showing buyer weakness at a level.
Comments
codyh14
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you need to keep an eye on higher time frames. research what quarter point theory is. i knew gold was going to retrace even though i was short above 1250. gold had to retrace and test 1250 before continuing down. you are lucky you had a chance to make a little money. also you can see on this cart it is also a critical area that has been reacted too before which makes 1250 even more important.
you need to keep an eye on higher time frames. research what quarter point theory is. i knew gold was going to retrace even though i was short above 1250. gold had to retrace and test 1250 before continuing down. you are lucky you had a chance to make a little money. also you can see on this cart it is also a critical area that has been reacted too before which makes 1250 even more important.