I will be going short on gold from 1656 price point.
here you can see gold is current in a supply zone, if price continue to trade below the previous high which is at 1662.6
and I see a bearish candle progression on the 15mins i will enter this trade... am looking forward for price to drop to 1638, then if the support breaks expect it to drop further to 1625.
but if price takes out the previous high at 1663.6 means this setup isn't valid for entry anymore
stay tuned to this post for update once i trigger my trades...
here you can see gold is current in a supply zone, if price continue to trade below the previous high which is at 1662.6
and I see a bearish candle progression on the 15mins i will enter this trade... am looking forward for price to drop to 1638, then if the support breaks expect it to drop further to 1625.
but if price takes out the previous high at 1663.6 means this setup isn't valid for entry anymore
stay tuned to this post for update once i trigger my trades...
Commentaire:
price just took out the pervious high @1662.6