As indicated on the daily chart, we can see a triple top for gold.
A bearish hammer was even formed at the end of Friday.
There is a higher probability of going short, but we have to observe tomorrow's candle before considering to short.
Short targets are marked out.
If gold breaks above 1300, I will be looking to long.
Let's observe first.
A bearish hammer was even formed at the end of Friday.
There is a higher probability of going short, but we have to observe tomorrow's candle before considering to short.
Short targets are marked out.
If gold breaks above 1300, I will be looking to long.
Let's observe first.
Trade active:
Still unable to break resistance, I think we can short now.
Aim for first retracement @ 38.2%.
Aim for first retracement @ 38.2%.