The highlighted area on the 1hr chart 2pm Friday 17th.
Price breaks and hold below the Kijun Baseline, with adequate volume. I took a small sell at this point which quickly moved 300 pips over the following hour, before pulling back slowly over the rest of the evening. If price fails to break back (and hold) above the baseline, I will be looking at heavy shorts, possibly Monday or Tuesday after the bank holiday.
Price breaks and hold below the Kijun Baseline, with adequate volume. I took a small sell at this point which quickly moved 300 pips over the following hour, before pulling back slowly over the rest of the evening. If price fails to break back (and hold) above the baseline, I will be looking at heavy shorts, possibly Monday or Tuesday after the bank holiday.
Nota
For clarity... Gold is still in a strong Bull market and i'm not selling long term. I'd expect maybe 500-600 pips maximum movement from this before the next wave up.Trade attivo
Perfect example of how to have an opinion, but not to enter blindly. Didn't get the close below, and not only was it a no-trade, but Gold carried on powerfully up and is still going.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.