1st lemme remind myself that..
Price of gold is within.. what I call parabolic curve.
AND it is still an up trend.
So why did it selloff?
I would say.. When there're money made .. say buyers of 2800, it's good to cashout some.
Tomorrow is a good day to find out.
I have only 1 scenario for a lookout.
Mark today HIGH.
If the tomorrow price tends to test today's high.. (IF...)
(=)
I will continue on the buyside.
We'll test 3K soon
ELSE do nothing.. watch if it breaklow
If breaklow coincide with parabolic curve= breakdown 2868
(=)
I will continue on sell side.. got it?
It's all tomorrow.. not today.
Not sure.. it's ok
I'm not a guru
Manage well & all the best
Trade active
Activated.1:3 would be nice
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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.