Gold approaching a minor resistance

11. Apr. 2019

hey traders,

I am still looking for short trade on gold.
and now I have found one more potential selling area!

I have projected a falling trendline based on the two recent market highs.
As you can see the market is approaching this line once again right now.

Looking left we also can notice that here we have some minor resistance level.

ATTENTION:
to avoid a losing trade, again
be focused on this rising wedge on 4H chart,
bearish breakout of it will be your confirmation.


good luck!

11. Apr. 2019

Trade ist aktiv

11. Apr. 2019

Anmerkung

the market has respected the identified level of resistance
and bears broke the rising wedge support

11. Apr. 2019

Anmerkung

Stop to breakeven

12. Apr. 2019

Anmerkung

market is very close to the target

15. Apr. 2019

Trade geschlossen: Ziel wurde erreicht