$EGLD latest market update š
Long/Short: Short
Entry: 3.8775ā3.9420
Stop loss: 3.9880
Targets: 3.8273/3.7556/3.6480
Analysis reasons: Wow, GLDās price action is truly outrageousāthe EMA and the long-term trend have both broken down. The MACD has formed a dead cross, and the RSI isnāt great either. That value of 49.1 really is the kind of number that makes you suffer. Look at the priceāitās already at 3.899, yet the MACD is still a dead cross and the EMA has come down too. If this setup isnāt meant to be frustrating, what is? Iām not trying to be sarcasticāthis is just how the market is. If you want to get in, be careful. The stop-loss level at 3.988000 makes this risk higherādo you understand?
Risk warning: Suggested stop loss level: 3.988000. Please adjust position size according to your own risk tolerance.
#EGLD
Long/Short: Short
Entry: 3.8775ā3.9420
Stop loss: 3.9880
Targets: 3.8273/3.7556/3.6480
Analysis reasons: Wow, GLDās price action is truly outrageousāthe EMA and the long-term trend have both broken down. The MACD has formed a dead cross, and the RSI isnāt great either. That value of 49.1 really is the kind of number that makes you suffer. Look at the priceāitās already at 3.899, yet the MACD is still a dead cross and the EMA has come down too. If this setup isnāt meant to be frustrating, what is? Iām not trying to be sarcasticāthis is just how the market is. If you want to get in, be careful. The stop-loss level at 3.988000 makes this risk higherādo you understand?
Risk warning: Suggested stop loss level: 3.988000. Please adjust position size according to your own risk tolerance.
#EGLD