AvianCapital

A beautiful consolidation below the volume weighted moving average, coupled with an upward retracement from the downward shift in price. This should further push price downwards.

Relying on TA and uptrend Price action to make this call hours earlier before the building permits data.

After a review of the first publishing, i've reviewed my trade idea, and still speculate for a short position like i'd predicted initially.

Hey trade buds, looking forward to a macroeconomic situation where FedReserve will taper increasing interest rates, coupled with easing of geopolitical events that cause instability thereby causing gold to become a safe haven asset, hence increasing price to be resolved. Looking at the chart, we see price has attempted to break forcefully, only to come down at four different times on the Daily timeframe. This indicates a strong resistance level psychologically to traders, and we hope all things being equal, [rice consolidates at this level for a while before pushing lower to areas of interest.

Well, implementing the MMSM on chart, it is clear that price action is in a consolidated range, signaling the first stage for our sell model. But looking down into lower time frames to find the key entry should be imperative for a low risk sell. So my counsel is to use appropriate lot sizes so you could risk a small percentage for some astounding gains in the days ahead.