GOLD SHORT

GOLD SHORT

Why are we entering?
- Expecting USD strength = GOLD SHORT
- We are expecting price to go below the previous low which will secure atleast 750 pips
- If you have missed our initial entry, we will be looking to enter on a correction in our bearish impulsive wave
- Solid rejection from our 8HR 100 EMA

What is our confirmation?
- Rejection from our structure level ✔
- ABC correction inside our bearish impulsive wave where we will find our entry.

Entry
- Safe Entry: - Rejection from our structure level ✔
- Risk Entry: - Rejection from our structure level ✔
- Risk Entry 2: - Entry on correction during bearish impulsive wave

Once entered, where will our Stoploss be?
- Above the structure level 1735
- Move SL to BE after running 30 pips

Where do we take profits?
- Secure profit multiple times along the way (30 pips, 60 pips, 120 pips, 200 pips)
- First TP - Previous low: 1620 (1100pips)
- Final TP - I am expecting gold to reverse at our 1574(1540pips) zone or 1522(2080pips) where we will be looking for buys.