Gold - sell on 4H - target 1281 $

Market price retraced today before hitting the down trend line which implements strong bearish incoming volume (probably because many share/stock prices have risen sharply today and therefore a capital shift has taken place in the short term). This movement implements a down correction to 1280 $ which is confirmed after a retest of 1300 $, there is another good short entry.

-market price supported my 50 day moving average and 1293 $ support
-expect up movement to 1300 $ and there again strong resistance because 100day and 200 day moving averages are in this area
-wait for confirmation before entering this trade
-confirmation = three candles close under 1300 $
-move stop loss to entry after down movement has begun

Trade ativo

Trade fechado manualmente:

take profit at 1285 - market now in sideways trend