Short Gold
Entry: 1299.05
SL: 1313.15
TP1: 1266.25
TP2: 1254.75
Market reacted above descending wage support with price closing above EMA (21).
MACD still in bearish territory however, showing a golden cross signalling a possible reversal.
Wait for a pullback to short below 1299.05 where also happens to be descending range resistance.
Entry: 1299.05
SL: 1313.15
TP1: 1266.25
TP2: 1254.75
Market reacted above descending wage support with price closing above EMA (21).
MACD still in bearish territory however, showing a golden cross signalling a possible reversal.
Wait for a pullback to short below 1299.05 where also happens to be descending range resistance.
Comment:
Gold 1st target reached. Most likely will see a small reaction at the 1266.25 level before another leg lower
Suppose one of you wants to build a tower. Won’t you first sit down and estimate the cost to see if you have enough money to complete it? - Luke 14:28
