helloall
I only trade intraday because there will be major news this week. I'm still leaning towards the strong dollar this week in favor of the CPI and the FOMC.
So far, the price has rejected the level I want it to be. However, I would like to see the price breach 1920 before shorting at 1926 and setting my stop loss if the price closes above 1934.
my target 1900
I only trade intraday because there will be major news this week. I'm still leaning towards the strong dollar this week in favor of the CPI and the FOMC.
So far, the price has rejected the level I want it to be. However, I would like to see the price breach 1920 before shorting at 1926 and setting my stop loss if the price closes above 1934.
my target 1900
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rising wedge
First off, this is only an educational proposal. I tend to short rather than long gold.
Price moves to the previous high after a sell breakout, and the resistance has broken, so I assume the price is moving in a different direction. As a result, the previous breakout sale was just a bear trap since higher highs were anticipating a pullback to the prior resistance, which has since turned into new support.