2 SCENARIO FOR GOLD BEARS!
I will only not be shorting big (only short scalping), instead i will wait until this bottom to long big!
my bottom is 1243 or lower. this is then followed by a strong bull till 1340-1360
$1243 is 61% retracement from 1200 to 1315
I will only not be shorting big (only short scalping), instead i will wait until this bottom to long big!
my bottom is 1243 or lower. this is then followed by a strong bull till 1340-1360
$1243 is 61% retracement from 1200 to 1315
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This will make a higher low, it can go as low as $1224 and as high as 1243
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This can also be in play if we see support at 1263
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I DO NOT RECOMMEND TO SHORT! best strategy is to buy on strong support, hard to tell where the bottom is atm. but 50-61-78% retracement is possible.
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i will be long or short long term, i will be scalping the range,
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*i will not LONG or SHORT!
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will be scalping the range, long & short with small lots until trend is more clear
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short scalp 0.2 lot from 1295.23. tp= open, sl=b/e sl
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trading the range, short from 1298 until 1271 or so. might long from there for $10-15
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my retracement targets are 1263, then 1243
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holding my shorts. 1.1 lot atm :D
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