botje11

Momentum Gold is slowing down and got rejected

Satış
botje11 Güncellendi   
TVC:GOLD   Altın KFS'leri (US$/OZ)
In the past month or so i gave a fractal where we caught the reversal around the low. Taking profit during the movement and adding again, giving it a decent chance for the fractal to play out. But the past few days the rally has slowed down a lot and we got a big rejection today as well with that big red candle. So it's very likely we will see another drop soon.

I am going to wait a bit before entering, think we can move up a bit and test resistance before dropping again. I will close half around the target on the left and i will keep the rest running for a possible bigger drop, maybe even towards 1200/1210.


Previous analysis:
Emir iptal:
Sometimes we get a worse price by waiting, but this move is exactly the reason why i say wait first. Squeezes like this don't happen much, but it sucks have short in upfront and getting stopped out within a few minutes. Always need some rejection, at least on the 5m chart.

Still inside that possible big wedge, but i am going to leave it for now. see how things play out first


Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.