hungry_hippo

Gold Overbought

Short
COMEX:GC1!   Gold Futures
Shorted gold today, decided to hold over the weekend. Looks like it broke one trendline, but there's another one underneath that I didn't see until now. Hopefully that breaks Sunday night.

4 hour indicators seem to work with gold, definitely overbought intraday. Looks like a reversal on the daily and weekly charts, and a double top.

Gold is tricky to trade short term, whipsaws like crazy. Let's see if I'm right....
Comment:
Looks good so far, let's see what happens tomorrow. Gold futures trade 24 hours but the volume is always higher when the US market is open.
Trade closed manually:
Don't like that futures reversed overnight, bailing out while I'm even.
Comment:
Dropping again, typical gold whipsaw. At least I made money flipping DIS puts. Staying out of this and looking at stocks. GL.
Comment:
Ridiculously overbought, but no divergence yet. Wait until next week.
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