Hi guys are you ready for next week trading. I've just run my weekly search and I found interesting setup forming in Gold.We got BEOB ( bearish outside bar or candle) For the newbees that's a bar or candle which have a higher high of previous bar or candle and have a close price below the low of the previous bar or candle.And vice versa. So we got BEOB of 300 SMA.I have closed all my shorts before Easter and now I am on the sidelines waiting for short setups on smaller time frame. Target for me will be a 61.8% retracement and weekly pivot marked on the chart with arrow.If someone want to short now I will recommended a stop above the last week high. Any comments welcomed.
Trade safe. Z
Trade safe. Z