Gold has entered into the sell zone. The polarity speaks its own language. 1400 to 1415 is strong resistance.
Trade active
Comment:
By breaking above 1400 it is in theory clear to 1414. Normal short term cycle should be in top here, unless there is an inversion building up, that extends trend into next week, normally that occur around 1 in 8 times. I keep very short leash on stop here. Going into research mode for the weekend. My entry was 1398.8. Lets see.
Trade closed: stop reached:
SL triggered at open. No good r/r to try to sell gold unless small scalps until December 2019. The small and intermediate cycles will be short and sideways corrective in nature.