From this daily chart its logical to look for sells at around 1880 level which is resistance level (50 fib ) if we get clues of weakness in gold around that area we'll look to strike
Also there's a bearish order block coupled with that 50 fib resistance..if we respect it we should be good for a good swing sell.
ideally our stop losses should be just above the Ob at 1895. Use good risk management and be ware of hunts on your pending orders
Good luck and remember a great trader once (and always repeats it )said its always better to react than to predict.
Also there's a bearish order block coupled with that 50 fib resistance..if we respect it we should be good for a good swing sell.
ideally our stop losses should be just above the Ob at 1895. Use good risk management and be ware of hunts on your pending orders
Good luck and remember a great trader once (and always repeats it )said its always better to react than to predict.
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