Gold short opportunity in short term
Weekly Chart:
Bearish candle (Weekly inside bar) => The Bull need to get some rest
Daily Chart:
Friday closed with a small bullish candle with rejection of high price. But the key candle for me was the one on 25th July 2019, which was a false break set up and strong rejection from high price.
Watch out:
1. There might be a retest at zone 1422-1430
2. First support might be zone 1400-1402
3. Second support might be zone 1374-1384
4. Extreme support might be zone 1347-1357
Action:
Sell Gold in short term
(Remember that Long-term Gold still bullish)
Stop Loss:
Always set your SL
I suggest that set SL orders around 1431-1435
Bearish candle (Weekly inside bar) => The Bull need to get some rest
Daily Chart:
Friday closed with a small bullish candle with rejection of high price. But the key candle for me was the one on 25th July 2019, which was a false break set up and strong rejection from high price.
Watch out:
1. There might be a retest at zone 1422-1430
2. First support might be zone 1400-1402
3. Second support might be zone 1374-1384
4. Extreme support might be zone 1347-1357
Action:
Sell Gold in short term
(Remember that Long-term Gold still bullish)
Stop Loss:
Always set your SL
I suggest that set SL orders around 1431-1435
Trade closed: stop reached:
My SL orders at 1431 and 1435 were hit.
First support at zone 1400-1402 was really strong.
First support at zone 1400-1402 was really strong.
