- On my last post I set gold up for a SELL
- Gold has broken and retested the support
- It has touched the 240MA on the 4H TF
- I’ve entered for a SELL with a tight SL
- The TP is to the next support
- Use proper risk management
- ALSO: On the daily it may reach down before continuing its ascent to cancel all the ‘hamsters’ on a buy
- Price has broken the daily trend to the next support
- On the 4H chart it is retesting the zone as a ceiling
- Using the 240MA as an entry trigger, wait for price to reach up to it before sell entry
- Take profit is at the next support zone
- Use proper risk management
XAUUSD SHORT IDEA:
- Price broke the daily trend to the next support
- On the 4H chart the candle is retesting the zone as a ceiling
- Using the 240MA wait for price to reach up to the MA before entering for a SELL
- The MA is the entry trigger and the next support below is the take profit zone
- Use proper risk management
