GOLD MACD DIVERGENCE SELLLOOKING TO SELL BASED OFF 30 MINUTE TIMEFRAME MACD DIVERGENCE - ESPECIALLY WITH NY SESSION ABOUT TO OPEN GOLD USUALLY GOES OTHER WAY
ALSO WE HAVE A HEAD AND SHOULDER FORMING ON MACD WHICH I HAVE NOTICED IN PAST WHEN IT HAPPENS THEN IT REALLY GOES THE WAY YOU WANT. YOU CAN RIDE IT UNTIL MACD BARS START TO TURN OTHER WAY
ENTRY AROUND 1494-1495
SL 1499(40-50 PIPS)
TAKE PROFIT 1482(120 PIPS)
SL TO BREAK EVEN AFTER 30 PIPS (1491-1492)
Gold-sell
Gold we should Sell or Buy ?As this price , Gold have many way to go
Case 1.
If Gold can break two support
Gold can drop to 1266 - 1254 and Start to Long term Bullish.
Case 2.
If Gold Stay higher than 1276
Gold should rise again and try to break resistance around 1293
so we should see Gold more than 1300 again and Start to bullish.
How to Trade:
1. Simply way wait till meet sup or res and wait to confirm break or rebounce
2. Bet on that with tight s/l
I short around 1286.2 on last idea so overall I bias in Sell.