Hi Traders,
Having been a by stander for the last 4 weeks I think now would be a good time to possibly have a shot at shorting gold.
RSI is also above 80 on the daily chart.
After a potential double top and touch of the upward channel line this would be a good risk to reward with 5 targets set out below.
This is not a quick trade, or at least it shouldn't be.
Catalysts for this move:
War ending
Rates increasing
US10 yr yield increasing.
This is a very risky trade considering the market at the moment.
Please us caution.
Having been a by stander for the last 4 weeks I think now would be a good time to possibly have a shot at shorting gold.
RSI is also above 80 on the daily chart.
After a potential double top and touch of the upward channel line this would be a good risk to reward with 5 targets set out below.
This is not a quick trade, or at least it shouldn't be.
Catalysts for this move:
War ending
Rates increasing
US10 yr yield increasing.
This is a very risky trade considering the market at the moment.
Please us caution.
Trade active:
Add shorts:
