Short

GOLD SWING

Updated

this might fail but if weekly closes back inside the range then price could indeed retest the low of the range

if it closes above resistance then we should avoid shorting

so the plan depends of how weekly will close

if wrong, then SL and wait for pullback to profit from the leg up
if right, then let it swing

NFA
educational purpose only

Note

Note that this can work only if the weekly shows bearishness at the closing candle
Right now we are Monday it's too early to decide for this swing
Price could simply rally hard so we need to be patient and not force it
If it doesn't show bearishness by closing back inside then it's still bullish

Order cancelled

trade idea is canceled as the weekly candle went over the resistance

Note that I said previously that this idea would work only if weekly candle closes bearish back inside the range, since we are Wednesday and price is clearly not back inside, we cannot take this trade

That's why patience is very important and waiting for candle close is primordial

kaiju_crypto

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