Yesterday we were given the opportunity to go long and 100 pips secured!
Today the price creating double top pattern this will give us opportunity to go short. _________________________________________________________________________________________________________________________________________
Traders! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
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Great RR, however, given the momentum of the bulls this countertrend trade might not pay-off. Gold may not be ready to correct itself so deeply, for now, resistance on the weekly chart not hit. Still space to the upside. Correct me if I'm wrong!
Tekterra
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@Opus_Trading, Yes, shorting will just be trade between the 1510 and 1490 range. The HK unrest is having major impact on global economy that people don't seems to get it yet. HK is trade central hub for Asia, and it is important to China. These events are hitting the Asian markets hard, and it will affect the rest of the world. It is no doubt part of the trade war going on and it can snowball because there are people waiting for opportunities like this to create chaos, all sorts of bad stuff start to come out. No body will see these things. Most of them are looking at trade wars but no body is factoring in the side affects of trade wars, civil unrest.
cursed
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I really like this idea
KidCrypto514
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Theres one more leg up after the triangle finishes
Tekterra
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It's going side ways in a rectangular formation between 1490-1510. Double top also bounced off near 1490 2x, almost 3rd time this morning. It's just going in this range accumulating consolidating whatever you want to call it until Trump sign his tariffs against China or that blows off and he doesn't do it we might see a dip to 1485-1475.
Tekterra
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@Tekterra, I'd trade in this range until either a break above 1510 or below 1490. Trump tweet is the trigger lol