Gold short Daily and 4h Bias!
Mis à jour
Gold have been going downward on both 4h and daily candles and only broken this channel once since 6th of march by about 130 pips. I have drawn zones (blue squares) on 1 hour chart and put my entry in the zone (blue squares) . Since the movement only have broken the overall channel once and only by 130 pips i've also put a sl above the channel at 200 pips just to be safe. Overal target will be at the bottom of 3 day upward trendline as gold have been ranging in this area for the last 3 days!
ENTRY: 1517.11
TP: 1461.88
SL: 1538.04
ENTRY: 1517.11
TP: 1461.88
SL: 1538.04
Commentaire
Gold continuing to consolidate between 1470- 1480 area. I would like to see a push above the 14 day EMA and a retracement followed by a rejection to the downside before gold continues to push up to the last zone of resistance then look for entries there!
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