Sell: GOLD
Price: 1178.75
S/L: 1192.05
Trailing Stop: 1177.45
Gain 13 pips
In daily chart, gold spot showed divergence between price action and MACD histogram as well as Stochastic giving us the sell signal. We look for the potential break out in the 1H time frame to confirm the end of uptrend. Stop loss is set at the previous top.
Exit: we got stopped out at trailing stop level at 1177.45 with 13 pips gain. After hit stop level gold spot make the new high at 1210 in the following day.
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