GC is in a converging triangle here and I think after the large selloff from Friday has more room to the downside before finding a bottom. There is a lot of resting liquidity at 2349 plus the psychological level of 2350.
I am thinking that GC rallies up to this area before being shorted back down again and finding a new bottom. Stop loss at 2353 and take profit at 2341 for a 2:1 RR.
I am thinking that GC rallies up to this area before being shorted back down again and finding a new bottom. Stop loss at 2353 and take profit at 2341 for a 2:1 RR.
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GC hit 2347.5 in the evening tonight before having the 10+ point pullback we were looking for. A very close trade! We'll look for another one.
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