I have decided to take position in Gold (GC). Reasons: - following nicely down channel (Yellow lines) - Indexes are running hot!! - top yellow trendline show very good resistant properties. Down channel show okay support, not great. this means well that it could continue below this support. - 0.50 fib is show resistance and 0.50 is important fib line. - decent profit to risk ratio. - my target is pivot as seen on chart. But this is weak pivot because it already respond to even early pivot. So this means I can stay in trade if I want when target is close depending on situation. This also go along with weaker bottom channel support.
I am always transparent with my trading. I show losses and wins no matter what. I always be honest and show you what I do. I do not put all my trades up on TradingView because I would be a lot of work!
so let's see how we do. If you find this idea interesting then please like and follow.
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