Hi!
A possible Short-term trade opportunity on GOLD, criteria:
1. After a break below the trendline, it starts to work as a resistance - classical retest situation
2. Previously worked resistance level (orange line)
3. Round number 1300 should act as a resistance
4. Short-term lower highs and lower lows
5. EMA 100 and 200 is ready to make a death cross
6. February low should act also as a resistance
7. As usually, wait for rejection and a bearish candlestick pattern would be awesome!
Please, take a second and support my idea post by hitting the "LIKE", it is my only fee from You!
Thank You!
Have a nice day,
Cheers!
*This information is not a recommendation to buy or sell, it is used for educational purposes only!
A possible Short-term trade opportunity on GOLD, criteria:
1. After a break below the trendline, it starts to work as a resistance - classical retest situation
2. Previously worked resistance level (orange line)
3. Round number 1300 should act as a resistance
4. Short-term lower highs and lower lows
5. EMA 100 and 200 is ready to make a death cross
6. February low should act also as a resistance
7. As usually, wait for rejection and a bearish candlestick pattern would be awesome!
Please, take a second and support my idea post by hitting the "LIKE", it is my only fee from You!
Thank You!
Have a nice day,
Cheers!
*This information is not a recommendation to buy or sell, it is used for educational purposes only!
8. 2015 high at 1307.58
9. EMA's acts as resistance levels
...and as said bearish candlestick pattern would be a perfect confirmation!
Have a nice weekend!