Offer GOLD @ 1253
Updated
Gold broke down on the 11 Nov 2016 through a large weekly level, on return to the last high before the breakout we get short. Confluence with fib retracement on that large move as well as todays ATR.
Note its Friday and Presidents Day on Monday, its a big level however so may consider entering and holding even with the weekend and holiday.
Note its Friday and Presidents Day on Monday, its a big level however so may consider entering and holding even with the weekend and holiday.
Note
Finally filled, near London open on Friday 24thSome structure formed below but I think its mostly drift rather then strong resistance, hopefully a mean reversion on a slow Friday will help pull this back to main target
Trade closed: stop reached
Unbelievably puked the high. The trade however overall was executed according to plan.1) One point - we stopped into a pin bar with minor inflection point before it, perhaps watch.investigate in future stops into similar bars, and perhaps stop out over them
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.