akyong
Short

Gold [10th - 14th Oct]

COMEX:GC1!   GOLD FUTURES
250 5 5
Price didn't break above the down trend line but broke below two key support levels. The next key level to watch will be at 1206.20. A break below this support will potentially see Gold             experiencing greater selling pressure.
It won't go down any further.
Reply
shorting now wont be safe I think . right ?
Reply
akyong PRO GoldHunter
yes, don't short at market now. best is to wait for price to move lower, then wait for the retracement back to near 1263 for a short opportunity
+1 Reply
I got it , so the aim is not to enter as soon as resistance is broken because it might reverse , but to enter after confirmation of the down trend and retracment. its more safe style to trade with maybe less opportunities but high success rate
Reply
akyong PRO GoldHunter
yup. that's my personal preference.
+1 Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out