mojh94

Gold Reversal

Long
mojh94 Updated   
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Price made 2 nice doube tops (M shape) and is now approaching the 1890 support.

Will see what's gonna happen during New York and act accordingly.

Will only place the trade if there's a clear reversal, the RSI shows that there might be one...
Order cancelled:
No signs of reversal yet, let's look for an entry around the 1885/1880 mark
Trade active:
As previously mentioned, I entered around 1880 due to the end of the bearish momentum. 1877/1876 was a clean entry but I missed it

Trade active:
Price is around a support on 4hr timeframe

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.