Good Morning Asia,
Anticipating a correction on Gold today towards 2371.19.
Although price is currently accumulating, there is a clear break on the 15mins with price purging the recent low. This would undoubtedly attract more sellers in the market anticipating a continuation of the downward move. I see price moving against these sellers.
This is a risky setup but if it plays out right will be very rewarding.
Trade safe and employ the most appropriate risk.
Anticipating a correction on Gold today towards 2371.19.
Although price is currently accumulating, there is a clear break on the 15mins with price purging the recent low. This would undoubtedly attract more sellers in the market anticipating a continuation of the downward move. I see price moving against these sellers.
This is a risky setup but if it plays out right will be very rewarding.
Trade safe and employ the most appropriate risk.
Trade active
Note
I've moved my SL to BE
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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.