Yes, I'm trading / looking for trades while on vacation. =)
Well the trade is simple as you'll see, you can expect gold to retrace back up to broken 1305 Support based on the daily close.
Technical's: Price is in a Multi Year descending channel, consolidated and broke down at the upper band of the bearish channel. Also, this years bullish ascending trend has been broken as well.
The Trade: Wait for gold to retrace to broken Support at 1305 for a short entry with the stop order set around 1330 - 1347. With the profit target set at 1227.30 area.
Good hunting.
评论
Dinkan
⋅
Also the volume is dropping. A good sign for going short.