GOLD Short Trade | Analysis & What to Expect This Day |
In this trading day, here what you should focus on:
-Levels marked on chart and labeled as "Entry" 2025 and 2031 are possible entry points for a short position targeting sellside liquidity resting below 2000
As for SL: Price could rise to take buyside liquidity above 2041 before targeting 2000 level.. so be sure to enter after a confirmation at those marked area.. If price shows no confirmation then buyside liquidity sought after and we may look for an oopurtunity there..
The basis in my trades are confirmations and that could be found on lower timeframes such as 15,5,3,1 minutes..
Wait an uldate on this one & Good Luck!
-Levels marked on chart and labeled as "Entry" 2025 and 2031 are possible entry points for a short position targeting sellside liquidity resting below 2000
As for SL: Price could rise to take buyside liquidity above 2041 before targeting 2000 level.. so be sure to enter after a confirmation at those marked area.. If price shows no confirmation then buyside liquidity sought after and we may look for an oopurtunity there..
The basis in my trades are confirmations and that could be found on lower timeframes such as 15,5,3,1 minutes..
Wait an uldate on this one & Good Luck!