Gold is moving bearish, if we see price have a little push up, to form a lower high on the hourly, i will enter a short trade down towards $1910.000.
As you can see we are in a descending channel. I have drawn a pink pathway of what I think price action will do.
I will only look for longs once we see a reversal candle set up around the weekly level at $1910.
If are interested in the potential trade, please comment below.
Also make sure you only risk 0.5%-1%
Have a great day!
As you can see we are in a descending channel. I have drawn a pink pathway of what I think price action will do.
I will only look for longs once we see a reversal candle set up around the weekly level at $1910.
If are interested in the potential trade, please comment below.
Also make sure you only risk 0.5%-1%
Have a great day!