You could easily short gold here, just not sure for how long ? Trend test should show some rejection but, the overall market seems to be at top of trend right now as well, which points to a rise in gold theoretically...? I still say we need to "retest" old range at @ 1440, but you could probably short to a safe 1495 from here... Stop just above previous wick high...
Ordre annulé:
Given overall market sentiment and current highs, I would use caution on this one!
Ordre annulé:
Closed above trendline... Expecting this to move higher now...
Commentaire:
Well, kinda mad I didn't take this trade... But, if I did, I'd look to close it here soon and go long !