For Gold, I do see an opportunity to short on the 4H timeframe.
The Support Zones are based upon weekly support and resistance, so with this trade you are planning on holding it for a while.
I'm looking for price to push up to the 1488 zone and then spike down to around 1450.00
Remember that Gold is an emotional commodity, so it could blast through 1488 if there is a major world event.
I am waiting to see an opportunity for a short once I see a sizable pullback.
The Support Zones are based upon weekly support and resistance, so with this trade you are planning on holding it for a while.
I'm looking for price to push up to the 1488 zone and then spike down to around 1450.00
Remember that Gold is an emotional commodity, so it could blast through 1488 if there is a major world event.
I am waiting to see an opportunity for a short once I see a sizable pullback.
