Hello Traders,
After a big rally in price #GOLD have reached the price of $1200/ounce. As an Evening Star have formed in overbought conditions away from the T-Line it is time to secure profits and wait for price to come back down and test the T-Line. The T-Line (or Trigger Line) is the 8 EMA which is the BLACK line on the chart.
If you are interested in this approach to trading you can visit this link to learn more: youtu.be/1fB3EF7XeXU
Good Luck and Happy Trading :)
After a big rally in price #GOLD have reached the price of $1200/ounce. As an Evening Star have formed in overbought conditions away from the T-Line it is time to secure profits and wait for price to come back down and test the T-Line. The T-Line (or Trigger Line) is the 8 EMA which is the BLACK line on the chart.
If you are interested in this approach to trading you can visit this link to learn more: youtu.be/1fB3EF7XeXU
Good Luck and Happy Trading :)