We are getting close to the top of this daily cycle: we might have printed the high yesterday.
I will initiate a short position here at 1275$.
On the 19th December we had a nice key reversal but the next day price rallied to new highs.
Yesterday the day ended up with a bearish pin bar. Till we don't take out the previous high at 1280 I will hold the short position.
Any daily close above 1280 will invalidate this idea.
I will initiate a short position here at 1275$.
On the 19th December we had a nice key reversal but the next day price rallied to new highs.
Yesterday the day ended up with a bearish pin bar. Till we don't take out the previous high at 1280 I will hold the short position.
Any daily close above 1280 will invalidate this idea.
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It’s clearly dropping into the DCL.
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We stopped at the close of this candle: (green arrow)
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The range to watch
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Still in the range...
It was unable to tag the upper line. Weakness?!
It was unable to tag the upper line. Weakness?!
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It seems goldbugs will need to wait a few more weeks before it is going higher.
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My bet is on a tag of 1280 before Friday.
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Triangle broke down. The question : does it turns into a range? Or we print a correction finally.
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The 2 weeks passed and we still in the position. I will update in a new idea.
I’m going to re-enter in the short trade again.