Gold - Intraday - We look to Sell at 1910 (stop at 1915)
Prices have reacted from 1910.
This has resulted in a large symmetrical triangle formation being posted on the intraday chart.
The trend of lower highs is located at 1910.
Although the anticipated move lower is corrective, it does offer ample risk/reward today.
The hourly chart technicals suggests further downside before the uptrend returns.
Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1910, resulting in improved risk/reward.
Our profit targets will be 1893 and 1849
Resistance: 1927 / 1992 / 2075
Support: 1849 / 1763 / 1690
Prices have reacted from 1910.
This has resulted in a large symmetrical triangle formation being posted on the intraday chart.
The trend of lower highs is located at 1910.
Although the anticipated move lower is corrective, it does offer ample risk/reward today.
The hourly chart technicals suggests further downside before the uptrend returns.
Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1910, resulting in improved risk/reward.
Our profit targets will be 1893 and 1849
Resistance: 1927 / 1992 / 2075
Support: 1849 / 1763 / 1690
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Trade closed at 1900
