Shorting after the overextended hype.
Kept a tight stop-loss, now moving it accordingly. Overbought on the RSI, big rejection candle formed today, waited for the bounce off the new downward trendline. I am keeping a close eye on this pair, for the potential to take profits if we see gold move to higher highs.
Kept a tight stop-loss, now moving it accordingly. Overbought on the RSI, big rejection candle formed today, waited for the bounce off the new downward trendline. I am keeping a close eye on this pair, for the potential to take profits if we see gold move to higher highs.
Note
Stopped at entry, was watching this pair closely.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.