Good day guys! Since my last post, you know I was expecting gold to sell off. For those who has been following me, you had two positions in which you profited from. For those who were received my third update on my sell entry, notice I did say the RSI was showing some extreme divergence. Now that price action has made a top at 1912, I do think we should see an aggressive sell off. Remember, the bigger the move, the bigger the move to induce traders in the wrong direction. Last, but not least, ALWAYS place your SL into profit, even if it is $2. No need to let a trade run back against you. This is key. The price of gold could continue in a bullish run, however, these charts are only my opinion based on years of trading and understanding market structure. A good take profit level would be 1881, if you are looking to get in out. Just do not ALLOW that to negate you placing your SL into profit, regardless. Be sure to like, leave a comment below in regards to if you agree or not. We do appreciate you for checking out our post and remember, we will see you on the other side.
Rodrick (CEO)
Third Eye Traders
Rodrick (CEO)
Third Eye Traders