Gold - ABCD pattern completing just above 1200
Hey traders, especially those who follow gold.
I am planning to short Gold this week.
This is on an ABCD pattern completing around 1205.
The entry level also coincides with the top of the channel.
This is about a 1:2 risk to reward trade.
Will monitor for rsi divergence and candlestick weakness before entry.
EP: 1205
SL: 1222 (17)
TP: 1172 (33)
I am planning to short Gold this week.
This is on an ABCD pattern completing around 1205.
The entry level also coincides with the top of the channel.
This is about a 1:2 risk to reward trade.
Will monitor for rsi divergence and candlestick weakness before entry.
EP: 1205
SL: 1222 (17)
TP: 1172 (33)