GOLD - Countertrend Short
Gold has been extremely bullish . I am considering a scenario where price consolidates between 1500- 1550 over then next few weeks , with divergence setup between price and momentum that would be bearish.
A short trade would be
1. Considered to enter at resistance near 1550.
2. Stop above monthly R1
3. Target Monthly S1 at 20 MAV.
RR = 4
A short trade would be
1. Considered to enter at resistance near 1550.
2. Stop above monthly R1
3. Target Monthly S1 at 20 MAV.
RR = 4
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