GOLD consolidation! Potential for more upside movement!
In the 4 hour time frame, you would be able to see price is consolidating near key level.
Supported by the previous days of reversing and failing to break further below after the break of 1485~
In the 30 mins time frame you would be able to see price is hovering near the previous high.
Stop loss near at below the 200 EMA @ 4 hour time fram and below the previous low.
Supported by the previous days of reversing and failing to break further below after the break of 1485~
In the 30 mins time frame you would be able to see price is hovering near the previous high.
Stop loss near at below the 200 EMA @ 4 hour time fram and below the previous low.
Comment:
stopped out. will be looking at shortposition if 1490 support is broken
Trade closed: stop reached