Long to your short entry

3 thg 3, 2021

Boomer gold is still bearish, but shorting here has low R/R

This is a mean reversion trade

• High volume profile node
  
• D1 RSI oversold - potential mean reversion
  
• Price is far from D1 kijun - potential mean reversion
  
• Dumped harder than the other precious metals
  
• Millenial gold (BTC) might've just bottomed and may help boomer gold's recovery
  

For tokenized gold, I personally prefer PAXG, but XAUT is fine too if your broker/exchange doesn't have PAXG.

As always,
Not a financial advice.

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