3 days of breakout traders in the market !!!
GC1! GOLD first green week achieved, (see previous idea on gold)
now , we have a 3 days of breakout traders in the market, a very strong selling opportunity, i think alot of people like 3 bar reversals, im not the only one, but i would be patient, see if they trigger buy stops further, i could totally see them continuing to drag shorts higher and higher for the sell high wednsday. but we will see. i am definitely a bear on gold , just looking for the signal day to confirm it. tomorow i will be looking for selling opportunity. whether it be swing or scalp , is unclear, but 3 days of BO traders is a strong sell for me. https://www.tradingview.com/x/J2anp1Xk/ personally i want to see gold close as first red week template (attempt to go higher but close below fridays closing price ) for the sell high opportunity following week.
may the markets be with you all!!!
Stay Sturdy Traders!
Note
lets see how asia and london setup, try to sit on your hands until new york to get s better thesis, the fall could be the backside move of the week. so pumping until wednsday, midweek reversal but if we start downtrending immediately, thesis would be invalidated as far as front side back side of week and midweek reversal
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.