I'm looking to short gold inside the Sell zone as marked in the chart. Ideally I want to see divergence forming inside this box and then sell either with a bearish candle upon completion of the divergence or with the break of the most recent up trend line.
Stop loss should be placed above last high created.
Target 1 – 1271.30 (of course check your risk:reward ratio first of all and then you might adjust these level, depending on where the entry would be and where the price will create the top).
Target 2 – 1246.00.
Stop loss should be placed above last high created.
Target 1 – 1271.30 (of course check your risk:reward ratio first of all and then you might adjust these level, depending on where the entry would be and where the price will create the top).
Target 2 – 1246.00.
