GOLD SHORT IDEA
Logic made on the chart with annotation, I anticipate a reversal with my point of interest at 1834.48.
We have made a massive rally during the London Session with the most active traders long.
More Breakout traders have been induced to the marketplace long at 1824.80. Also, trailed stops at 1824 have liquidated. As approaching the NY session, my logic is that price could revert lower before any rally higher.
If active in London, I'd secure positions and wait for the melt lower or a run on the swing at 1836.18
We have made a massive rally during the London Session with the most active traders long.
More Breakout traders have been induced to the marketplace long at 1824.80. Also, trailed stops at 1824 have liquidated. As approaching the NY session, my logic is that price could revert lower before any rally higher.
If active in London, I'd secure positions and wait for the melt lower or a run on the swing at 1836.18
Trade active
Limit triggeredTrade closed: stop reached
Analysis failed to pan out and 0830news provided liquidity to break the swing 1834.48.While I'm still anticipating shorts. I'd sit on the sidelines now.
Another short setup may still be in play.
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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.