Hello traders. I have marked my area of interest for potential Sell positions. Gold had a great run up, but unles we break and close on a 4 hour Above the 2333 area,I am bearish for a trade. This is speculation, so check the charts before taking any trade. I type slow, and I am doing a bongload. Saying that, I am in a Sell from 2328.63 after the rejection of 2330. Gold may bounce around a bit. Up 23 pips as of this writing. Big G gets all my thanks. Remember to secure profit at 30 pips or so, move SL to break even (entry point) and leave a runner running. That way you can always re enter. Always secure profit. Let's see how things play out. I may take my 20 some odd pips and wait to see if I can sell again if we retest the 2332 / 2330 area. The area that needs to hold as resistance for now onthe 1 hours is 2328. Be well and trade the trend.
Trade active:
Nice scalp thus far.
Trade active:
I caught some of the move down, and got in 3 Buy positions. Just waiting for the last one to go into profit. Sell limit set at the 2333 area , I may have to lower it a dollar or so. Let' see how things play out. SHout out to Big G.
Pip Whisperer