Beschreibung
⋅ Daily and 4H chart pattern is ascending triangle. Wait for 4H bearish break for confirmation to enter.
Watch the blue boxes as target and reaction, if there is no bullish candle, keep shorting.
I am expecting to go below 1700 area.
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⋅ 1745 area, break below will proceed to 1721 area.
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⋅ If bullish engulfing, this structure is invalid.
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⋅ Just re-enter another short..
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⋅ Keep SL tight.
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⋅ Gold already move about $20 from lower 59, it wont break higher today... in fact...
I forgot about 0.786 area..
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⋅ If Daily candle is above 1765, put SL at BE around 1778. Price may continue going up. Nobody can predict. Either you TP or let the trade run...
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⋅ 4H engulfing... I have decided to pull out from gold trade this week.
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⋅ Re-enter short 1777, SL 1795. Bull cannot trade above 1778. Is a sign.. Let's see.
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⋅ Waiting for the reaction here..