Gold cheated and overlooked an important level on its way up. It has a date with 1152.
Drop it like it's hot!
Drop it like it's hot!
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Idea gets invalidated with P>1220.
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Level gets different with P>1220 so the idea gets invalidated for final target.
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Entered short at 1222 though. SL 1225. Recalculating target
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Entered last short at 1224.9, SL = 1226.1
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Took profit on shorts @ 1215.5. Waiting for close price to determine direction for tomorrow. Topping patterns have potential for taking some time. Would like to see close at or below 1214.5.
Looking for re-entry tomorrow. Remember to set SL @ BE in case this decides to go up. Its at an important crosscroad. So far there has been printed a nice inverted hammer reversal candlestick.
Looking for re-entry tomorrow. Remember to set SL @ BE in case this decides to go up. Its at an important crosscroad. So far there has been printed a nice inverted hammer reversal candlestick.