Gold Analysis (Trend and Ema Confluence)

Gold is in an interesting spot right now (pun intended). With an overall bearish trend, I am looking to add it to my short position at 1286.28. After price recently broke through that level, i believe it will come back and retest that level. With the 14 EMA cross a reliable trend that has held up very well, this seems to be a promising trade.

Kommentar:

Gold has hit the TP, a very profitable, bookish trade that we were able to get decent pips out of.