Short Gold
SL @ 1250
TP1 @ 1225
Optional TP2 @ 1210
Price broke out of its short term downtrend and is testing the previous high. Price is also very close to its upper weekly ATR and so we could see a possible reversion to the mean. Look to short to its trendline or get a quick 1:2 trade out. Price still has potential to break to the upside.
TP1 @ 1225
Optional TP2 @ 1210
Price broke out of its short term downtrend and is testing the previous high. Price is also very close to its upper weekly ATR and so we could see a possible reversion to the mean. Look to short to its trendline or get a quick 1:2 trade out. Price still has potential to break to the upside.
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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.