Hi fellow traders,
let's say that the coming news in USA (FOMC) have been priced in the price of Gold vs bucks. Gold build a pattern at H1 TF with lower highs, a lower lows of course has not built yet. Anyway I am the opinion that it losses the strength to make a further high before FOMC. So we short.
sl@1239.85
tp@1215.80
You can enter at your market price as you prefer to. As we know that gold is heavy, when it falls, then very quick :)
Trade well!
m2m
let's say that the coming news in USA (FOMC) have been priced in the price of Gold vs bucks. Gold build a pattern at H1 TF with lower highs, a lower lows of course has not built yet. Anyway I am the opinion that it losses the strength to make a further high before FOMC. So we short.
sl@1239.85
tp@1215.80
You can enter at your market price as you prefer to. As we know that gold is heavy, when it falls, then very quick :)
Trade well!
m2m