Short on Gold

٦ مايو ٢٠٢١

After hitting a homerun on the previous trade, now when prices are this high it seems like any longs above 1800 are not favourable for now. Prices might need to touch ~1798 again to further skyrocket. Small lot entry here with SL set at 1ATR above the key resistance level. The impulsive price movement up will most likely be met with a strong-ish pullback. Lets see how this goes.