Gold short on Slope Rider and bounce off pivot R1
the Slope Rider by Savius has been signalling divergence all morning for short entries.
Price has moved above yesterday's POC at 1254 and hit R1 at 1257.5
I don't believe it has the strength to break above daily MA 208 at 1260.
I enter my short order with the protection of this strong resistances.
watch out for stop hunters!
target is pivot S1...obviously I'll close the trade earlier depending on how the day goes.
check out my website for more info on Savius Slope Rider and how I'm earning a funded account with Earn2trade following my Trading Plan.
Price has moved above yesterday's POC at 1254 and hit R1 at 1257.5
I don't believe it has the strength to break above daily MA 208 at 1260.
I enter my short order with the protection of this strong resistances.
watch out for stop hunters!
target is pivot S1...obviously I'll close the trade earlier depending on how the day goes.
check out my website for more info on Savius Slope Rider and how I'm earning a funded account with Earn2trade following my Trading Plan.
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.