GC - Gold digging for a possible ShortAfter reaching WL2, we saw a sharp pullback followed by an immediate double top. Price failed to reach the centerline of the yellow fork, instead stalling at the 1/4 line.
Then came the break of the lower median line (L-MLH), a pullback to the white WL1—then the drop began.
If this market can’t push to new highs, we’ll likely fall back into the median line set. A pullback to the upper median line (U-MLH), as indicated by the red arrows, is a probable scenario.
Next stop: the white centerline.
I trade tiny. I trade with extremely high risk-reward setups. I’m fine getting stopped out all the time —because I’m hunting huge moves.
I don’t chase. No FOMO.
It’s how I sleep well, make money from trading and keep my stress level very low.
