XAUUSD Daily
Reasons I'm looking to go short
At a rising resistance level
Gold didn't close above the last candle on today's close
The last close above/below was a close below
RSI also on the daily is showing bearish divergence
If I'm wrong, gold will need to close above the last candle on the daily timeframe. I'll then wait for momentum to stall to add an additional short.
With that said, knowing I might be wrong, the first trade will only be a 0.25 lot size on a 100k account with the second position doubling in size to 0.5 once we close below the next only if we trend higher.
At a rising resistance level
Gold didn't close above the last candle on today's close
The last close above/below was a close below
RSI also on the daily is showing bearish divergence
If I'm wrong, gold will need to close above the last candle on the daily timeframe. I'll then wait for momentum to stall to add an additional short.
With that said, knowing I might be wrong, the first trade will only be a 0.25 lot size on a 100k account with the second position doubling in size to 0.5 once we close below the next only if we trend higher.
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