hi traders
Last week, the gold price began to rise from 1759.956 and ended the week at 1792.525, which was below the weekly high after failure to close the previous high of 1808.660
So, for the coming week, the plan is to re-enter a short position at 1801.060 or 1796.494, with a target of 1764.235.
In sideways counting, a daily breakthrough level of 1764.235 might send gold to a new higher low or double bottom, or perhaps further down to a new low.
Yes, shorting is still preferred.
Please review the previous trade plan to get a better understanding of major trade.
My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.
Like and subscribe and happy trading to all
Last week, the gold price began to rise from 1759.956 and ended the week at 1792.525, which was below the weekly high after failure to close the previous high of 1808.660
So, for the coming week, the plan is to re-enter a short position at 1801.060 or 1796.494, with a target of 1764.235.
In sideways counting, a daily breakthrough level of 1764.235 might send gold to a new higher low or double bottom, or perhaps further down to a new low.
Yes, shorting is still preferred.
Please review the previous trade plan to get a better understanding of major trade.
My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.
Like and subscribe and happy trading to all
Trade active:
must stay below weekly level...
good lucj
must stay below weekly level...
good lucj
