I like gold long in the long term. but its been running from December now.
it rejected at 200 MA, also 1250 is a strong resistance. RSI topped triple times at 70.
i think its a good quick short with 200 MA stop loss and target on 100 ma or 1200s, before going long again.
good 4 to 1 risk reward at this point.
i dont have a forex account so i trade bullish or bearish ETF, my favorite one was
JDST
so i am long
JDST
.
it rejected at 200 MA, also 1250 is a strong resistance. RSI topped triple times at 70.
i think its a good quick short with 200 MA stop loss and target on 100 ma or 1200s, before going long again.
good 4 to 1 risk reward at this point.
i dont have a forex account so i trade bullish or bearish ETF, my favorite one was
JDST
so i am long
JDST
.
Trade active:
Gold showing some weakness and attempting to test 1238, if it breaks will confirm the downtrend and all full size. since the next resistance is at 1220.
Trade active:
gold finally broke resistance and for me is done, my average in JDST is 16.8 and my first profits will take on 20.
Trade active:
gold almost on our fist target, 1220s and i will take some here and 1200. i am long JDST since this ETF is up 3x when gold goes down, idea working flawlessly.
Trade active:
gold flushed faster that i would like, and showing some resistance at 200 MA, so i am out waiting a bounce for a re-enter to see if it will go down another leg.
Trade active:
re entered short on this pop.
Trade active:
we nailed a perfect entry, 1220 is a key point, so we take earnings here, waiting a bounce for a re entry.