A nice Harmonic setup has formed on gold. We rejected the .786 level and price came up to retest we had a bearish engulfing candle to confirm this pattern. We can now short gold with our Stop loss set at 1355.4 with our take profit zone at 1334. Will keep you updated, Happy trading!
Note
the spring is my favorite indicator for my trades, when you have a key support/resistance level price very rarely stops at that level. When you see a probe up and a immediate fall below that is called a spring
Note
Note
Note
Trade closed: target reached
Note
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.
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.