Nice short set up on Gold. Price has found 4hr resistance at this level which aligns with a previous intraday resistance.
15minute timeframe showing signs of weakness and I am looking for price to drop from here down to the bullish 4hr trendline that I was trading last week.
Stops above the current highs and target profit at $1562 or the trendline, which ever appears first.
15minute timeframe showing signs of weakness and I am looking for price to drop from here down to the bullish 4hr trendline that I was trading last week.
Stops above the current highs and target profit at $1562 or the trendline, which ever appears first.
Trade active
Note
+100 pips, SL moved to entry price now. Will take some profit later today.Note
Taken 50% profit at $1568Trade closed: target reached
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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.