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neilzo

Gold short into mid-October

Short
Gold Futures (COMEX:GC1!)  
neilzo Updated   
COMEX:GC1!   Gold Futures
Trend Analysis Chart Patterns Technical Indicators Gold goldtrading Technical Analysis market fucktags trianglebreak goodluck riskreward tradeidea
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trendanalysis chartpattern indicator gold goldtrading technicalanalysis market fucktags trianglebreak goodluck riskreward tradeidea
Hello!

The idea behind this trade is quite simple and has an insane risk reward of around 15x (the kind of setup I love to trade). Gold has had a crazy run this year and it's still quite overextended on the monthly timeframe.
snapshot

Also for you TA freaks you can see a breakout from a "triangle". Just something to also take note of.

Good luck!
Tonis
Comment:
This trade should hit the profit target in the next 2-3 weeks.
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