Gold Looking for Sell in shorter time frame
Updated
Gold is making a rising wedge and got rejected from resistance (upper band).if we break the chart in lower timeframe (5 mins or 15 mins), it has given entry and there are two potential targets we have on card. targets are marked with a good risk to reward ratios.
Note
Update 1: Target 1 reached, update your stop loss to entry (cost to cost) or trail it with 1920. since the trend is changed and gold may possible touch 1880 too.Trade closed: target reached
First target reached, second target trailing SL
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