GOLD... Looking good for a short position. Opened Short position
Updated
GOLD... Looking good for a short position.
Opened Short position at rejection of the 21ma.
Second short position opened, 4H Currently broke and resisting the 55ma.
Rejection here 65.0,fib - Price may want to go 61.8,fib.
Then it's more likely back to price 1900 of 78.6,fib can not hold.
Is Gold on it's way to the Decade VWAP....
Happy Trading Everyone!
Opened Short position at rejection of the 21ma.
Second short position opened, 4H Currently broke and resisting the 55ma.
Rejection here 65.0,fib - Price may want to go 61.8,fib.
Then it's more likely back to price 1900 of 78.6,fib can not hold.
Is Gold on it's way to the Decade VWAP....
Happy Trading Everyone!
Note
Getting past the Daily MA's will be a good signal for a few more short positions.
Note
Trying to find support on the 8H, where price has rejected multiple of times in the past.Trade active
GOLD made it way to the Decade VWAP.
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