GOLD short on savius Signal targeting Daily MA
trend is bearish for today, so is Savius Market Bias
S&P is moving up, even though both of the markets are not showing real strength, keep stop loss very tight, but the target can be put down to the Daily MA
I missed out on this lovely move down from R1 to P, that's fine.
It looks like this move has happened too fast to me, high volumes yes but there is no apparent reason for Gold to be so bearish today (nor for S&P to be bullish).
What if it was just to cash out all the gains from yesterday? to catch all those stop loss orders?
Let's risk a 10 ticks here on bounce...
GOLD short sell limit order if retraces to R1
market is still quite undecided, especially in S&P that is not moving at all; volumes here are above average though; by entering at R1 we can set a stop loss of just 10 ticks, and target down at Pivot P.
Not going to risk anything more than 10 ticks, hence not selling at market right now.