Gold is in an ugly after an "M" top on the weekly. I know the marketing is that precious metals are to moon, but in this market they love to dump it.
On weekly open I'm looking to see gold take out the stops in this consolidation range above $1307 to set up a short with a target under prior daily close, just above prior weekly close.
This particular setup may not work out, but with a risk/reward of 3.08 I'm content with it.
Will be a public trade on 1Broker when active. You can "copy" me on the platform as well.
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