Gold

8.31.23 Gold looks like it's going to trade a little bit lower so I framed it as a possible short trade. I'm looking for it to move to a support area... if I actually place this trade I would have a bracket order Using that Target. Why would I do that? When markets move down to a support the other side of me is looking for a long trade and for the market to make a new high. If I were watching the chart I might extend my stop and then watch for the market if it gets to that support area to see if the support is going to break down in my estimation and then I would try to hold the short position A little bit longer for a bigger reward. in other words I would need to take a look as it moves slower before I would commit to a larger Target..... and I'm not that optimistic that the Market's going to move a lot lower. This is definitely a scalping Mentality.