Gold Short Idea
Looking to short gold. Gold has been respecting tech levels well recently, with the CPI data MOM being inline with consensus and YOY declining by 0.1, I am expecting gold to surge a bit more. Last level of tech available for a short is a fresh high of 2500.
Entry- 2498
SL- 65 pips
TP- 130 pips
Confluences:
- Ascending trendline 4th touch
- 2500 psychological and key level
- Possible Alignment to silver at the 38 fibo
Catch you later traders ▲
Entry- 2498
SL- 65 pips
TP- 130 pips
Confluences:
- Ascending trendline 4th touch
- 2500 psychological and key level
- Possible Alignment to silver at the 38 fibo
Catch you later traders ▲
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