Gold Short - Triangle

Sell Gold with stop loss above $1928 (closing basis) with a target of $1840 to $1780 downside. This is fo educational purpose only.

Comment:

Gold made a low of 1852 today, one can cover 50% or more short position here and as per risk appetite wait for second target of 1780. However, there is a possibility that gold can recover upto 1890 before going further down.

If your risk appetite is low you can put a trailing stop of profit booking above 1890 closing basis for balance short positions.

For educational/demo purpose only.

Trade closed: target reached