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....
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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
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Don't like that futures reversed overnight, bailing out while I'm even.
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Dropping again, typical gold whipsaw. At least I made money flipping DIS puts. Staying out of this and looking at stocks. GL.
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Ridiculously overbought, but no divergence yet. Wait until next week.