We have all seen the run up on gold
), but we've come into a key level of resistance, and just broke an upward trendline
to make a lower low (on the 15 minute chart). We also have divergence on the RSI
that caught my attention. This is a counter trend trade, so trade with caution and only if YOUR rules are met.
Entry: 1424.50 to 1425.50
Stop: Above 1434