The gold has shown a wedge/triangle pattern, and also the price is confirming the structural line on the top, price also reached the S/D point on D chart.
As long as the price close under the line on 2h chart, any price can be a good entry to short it, and it has a great RR ratio.
SL: 1691
TP: 1660 first, but I don't think 1660 can stop the gold drop, I prefer a quick stop at 1660, then 1600 as a stage goal
As long as the price close under the line on 2h chart, any price can be a good entry to short it, and it has a great RR ratio.
SL: 1691
TP: 1660 first, but I don't think 1660 can stop the gold drop, I prefer a quick stop at 1660, then 1600 as a stage goal
Trade closed: stop reached