1. Update on our short position
that we positioned since Friday last week.
2. We were able to hit TP1&2 as expected.
3. I have closed our remaining short trade
that we've entered at 1761.
4. I wanted to wait it until it hits TP3 but
it's only tuesday in the week and the market
has a lot of opportunities to bring.
5. I'll be waiting for the bounce on the current
level if it holds since the RSI gives us a Bullish
hidden divergence.
6. If you also pull-out the daily tf, you'll be able
to see a hammer on the previous daily close.
Now, this could be an indication of another
retest to the upside but not necessarily a change in the trend.
We're still over-all bearish with Gold, so if it makes another retest to the upside, another short opportunity will bring us again.
HELLO, TRADERS! IF YOU LIKE THIS ANALYSIS, PLEASE LEAVE A LIKE AND FOLLOW MY CHANNEL AND LET ME KNOW YOUR THOUGHTS BY COMMENTING DOWN BELOW.
that we positioned since Friday last week.
2. We were able to hit TP1&2 as expected.
3. I have closed our remaining short trade
that we've entered at 1761.
4. I wanted to wait it until it hits TP3 but
it's only tuesday in the week and the market
has a lot of opportunities to bring.
5. I'll be waiting for the bounce on the current
level if it holds since the RSI gives us a Bullish
hidden divergence.
6. If you also pull-out the daily tf, you'll be able
to see a hammer on the previous daily close.
Now, this could be an indication of another
retest to the upside but not necessarily a change in the trend.
We're still over-all bearish with Gold, so if it makes another retest to the upside, another short opportunity will bring us again.
HELLO, TRADERS! IF YOU LIKE THIS ANALYSIS, PLEASE LEAVE A LIKE AND FOLLOW MY CHANNEL AND LET ME KNOW YOUR THOUGHTS BY COMMENTING DOWN BELOW.
