Gold Spot / U.S. DollarUpdated Gold (SHORT, long term trade setup)
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Gold have to brake the red diagonal line and I think it will. If it brakes wait for a candle that is closed (1, 4 hour or daily) and then go short if it is trough the line. For better entry wait for a little pullback and then go short.
Take profit 1 around 1200. But also watch 1240/50 area. I think there will be a lot of buyers)
Greetz JP
Gold have to brake the red diagonal line and I think it will. If it brakes wait for a candle that is closed (1, 4 hour or daily) and then go short if it is trough the line. For better entry wait for a little pullback and then go short.
Take profit 1 around 1200. But also watch 1240/50 area. I think there will be a lot of buyers)
Greetz JP
Trade active
Yesterday we have seen a nice breakout of the red diagonal trendline. AT the moment we see a retest of it. So for who that are not in short positions, get ready!
For traders who already in...LET IT OPEN.
Happy trading and have a nice day.
Greetz JP.
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