Gold - Lovely Pin formed - SHORT
Updated
I'm short on gold until the 50% fib levels where there is major support from 1295 - 1305, where I will either be looking to go long, or continue on down towards 1285.
We currently have a nice long tail on the pin bar at a major level of confluence, the RSI and volume is declining and we have a huge amount of strength in both US indicies and although a slight pullback on the DXY, it's bullish on the US dollar.
Stop loss above the pin after seeing what the market is doing.
Happy hunting
Christopher
We currently have a nice long tail on the pin bar at a major level of confluence, the RSI and volume is declining and we have a huge amount of strength in both US indicies and although a slight pullback on the DXY, it's bullish on the US dollar.
Stop loss above the pin after seeing what the market is doing.
Happy hunting
Christopher
Trade active
Note
Trade is progressing slowly, but perfectlyTrade active
I'm still active, but I've covered my profits with a stop loss and taken some profit, looking to move further down to 1283.Trade closed: target reached
Note
You can continue to be short on Gold, I've added an update here.
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