akyong
Short

Gold [10th - 14th Oct]

COMEX:GC1!   GOLD FUTURES
249 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.

Related Ideas

shorting now wont be safe I think . right ?
Reply
akyong 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 GoldHunter
yup. that's my personal preference.
+1 Reply
It won't go down any further.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out