Possible Gold short
1) price creating lower lows ( downtrend )
2) abc correction to prev support turn resistance area
3) currently price at 61.8% fib retracement
lower high...1909.820
lower low......1786.785
4) 2hr rejection candle of zone noted
5) possible shorting opportunity targeting 1780
2) abc correction to prev support turn resistance area
3) currently price at 61.8% fib retracement
lower high...1909.820
lower low......1786.785
4) 2hr rejection candle of zone noted
5) possible shorting opportunity targeting 1780
Trade closed manually
consolidation around zone.. no clear price action ( i avoid choppy market structure )Note
1780 taken out
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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.