GOLD: waiting bear sign on daily chart
Traders,
For gold, this daily chart is still bullish, I know some traders
would try to short it, esp a bear trap yesterday appeared.
A blue daily chart is broken and still valid only if price wont go higher than 1345.
We were trying to short it with sl at 1345.
But this is no right if there is not a strong bear sign on daily chart, AND ITS RISKY.
We should follow the trend.
Right now no good entry to long or short, but to wait, to check how price behave on the blue zone.
Some sort of correction is expected to happen on that zone.
Less is more!
For gold, this daily chart is still bullish, I know some traders
would try to short it, esp a bear trap yesterday appeared.
A blue daily chart is broken and still valid only if price wont go higher than 1345.
We were trying to short it with sl at 1345.
But this is no right if there is not a strong bear sign on daily chart, AND ITS RISKY.
We should follow the trend.
Right now no good entry to long or short, but to wait, to check how price behave on the blue zone.
Some sort of correction is expected to happen on that zone.
Less is more!
Kommentar:
Kommentar:
the blue zone has been touched already.
Kommentar:
targeting 1278 now.
Kommentar:
sorry , 1378, not 1278.
Trade geschlossen: Ziel wurde erreicht
Trade geschlossen: Ziel wurde erreicht
But still have no reason to short it yet.