I didn't post this but this one of the gold trades I took this week but this was one of the cleanest gold positions I have seen, market moved from level 1 to all the way up to level 3 and hit a Monthly resistance with an M top. Not only that my 2 moving averages went above price and also crossover. Beautiful play right here and put me straight into profit without any drawbacks.
When market hits level 3, that is where the momentum shifts and trend is most likely reverse.
Gold was also very overextended as I said before on my previous gold trade.
When market hits level 3, that is where the momentum shifts and trend is most likely reverse.
Gold was also very overextended as I said before on my previous gold trade.