Short if unable to stand above 1545
after a few days of set up, gold found its latest main support at 1525, hence shoot up to 1550 but unable to sustain and thus hanging in the middle of 1540-1550 for about 8 hours of trading hours.
1545 is now became the major resistance for the bullish continuation. A great short opportunity comes along when it is unable to break 1545 in the next 4H candle. Target: 1533, and if this level not sustaining, 1528, 1519 will be the support level. 1508 will be the next suport if all of these broken.
In my point of view, if u have entered a short selling , 1546-1547 will be the range to stop out. Then wait for another setup to short again.
What's in your mind? LEt's talk :)
JOin my telegram channel to get more free analysis and signals (Oil, Gold, Indices, USD pairings)
1545 is now became the major resistance for the bullish continuation. A great short opportunity comes along when it is unable to break 1545 in the next 4H candle. Target: 1533, and if this level not sustaining, 1528, 1519 will be the support level. 1508 will be the next suport if all of these broken.
In my point of view, if u have entered a short selling , 1546-1547 will be the range to stop out. Then wait for another setup to short again.
What's in your mind? LEt's talk :)
JOin my telegram channel to get more free analysis and signals (Oil, Gold, Indices, USD pairings)
评论
phew! 1556 reached yesterday, and today was down to 1542 (ATM)! ceiling level: 1556, 1550, 1543
if the price level can't go back to at least one of it, then it is the time for gold to "enjoy" a short break :)
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