Gold still not a BUY yet

The chart shows 2 scenarios where a position can be taken to maximise gains. Scenario 1 is a short term long opportunity and Scenario 2 is a short -mid term short opportunity.

Also the support green line and resistance red line are shown to anticipate the fall or rise to help enter the trade. For now, still NOT A BUY. Staying Short for now.

If you like this idea, give me a thumbs up. Also have a look at my AI Lite indicator which populates BUY/SELL signals on chart based on a high probability system that I have developed. If you would like to try it for a week, PM me.

Happy trading.

İşlem aktif:

Scenario 1 worked perfectly well. Price touched the cloud resistance and started falling below the trend line. Fantastic Short trade so far.

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Closed short at 1288 zone