taftrader

Short Yellow!

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FOREXCOM:XAUUSD   Ouro/Dólar Americano
In line with the bullish sentiment we have on the dollar we are looking to short the rally we are currently having in gold. The signal will come from a good daily rejection from the yellow zone. That zone (1950-70) is important not only because it is a weekly tenkan area but it is where we saw massive sellers 3 weeks ago and they might still be there to defend it. So just like on the dollar we wait for a good rejection on the daily and we enter.

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