Short Gold
SL @ 1250
TP1 @ 1225
Optional TP2 @ 1210
Price broke out of its short term downtrend and is testing the previous high. Price is also very close to its upper weekly ATR and so we could see a possible reversion to the mean. Look to short to its trendline or get a quick 1:2 trade out. Price still has potential to break to the upside.
TP1 @ 1225
Optional TP2 @ 1210
Price broke out of its short term downtrend and is testing the previous high. Price is also very close to its upper weekly ATR and so we could see a possible reversion to the mean. Look to short to its trendline or get a quick 1:2 trade out. Price still has potential to break to the upside.
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