Gold Also Stepping Lower?
Looks as if Gold is stepping lower just like Silver.
I will be looking to enter at the 50% retrace of today's candle. This way I will be entering near the resistance level, which gives a nice tight stop and the possibility to set the take profit at 2R just before the next support level.
Here is my entry in the Samurai Trading Log:
Date Pair Direction Trade Trend Level Signal Entry
2019-05-08 XAUUSD Short With trend Down Horizontal Resistance Pin Bar retrace
I will be looking to enter at the 50% retrace of today's candle. This way I will be entering near the resistance level, which gives a nice tight stop and the possibility to set the take profit at 2R just before the next support level.
Here is my entry in the Samurai Trading Log:
Date Pair Direction Trade Trend Level Signal Entry
2019-05-08 XAUUSD Short With trend Down Horizontal Resistance Pin Bar retrace
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