The Gold Retrace has begun 27/09 1:30pm AUS Perth Time

15 часов назадTo revisit the idea.
The 4hr candles are burning red as the price falls to 2,663 and haven't seen any real movement until now from the 2670 mark.

As estimated the move is happening just after midday PERTH AUS TIME. Follow along and see how the retracement tracks within the channel. It may snap back quickly or in stages.

All you need to know is to Short this position and wait for the channel to play out until the support level is reached and the trend changes again. This is where you close the position for a nice trade.

It would seem this could playout out wihtin a week or 2.

15 часов назад

Сделка активна

Candles are producing lower highs and lower lows to fall in line with a downward trend channel that is forming within the last 8 hours. The centre candle that is in the middle of the channel change is the tip of the spear kissing 2685 price then rejecting. Bearish candles are hammering out the price.