richard7_

Short Gold

Short
richard7_ Updated   
TVC:GOLD   CFDs on Gold (US$ / OZ)
I'm specting for a big correction in Gold after the Gold has formed a triple top and failed to rise the uptrend channel. I will see the behavoir for the next days before take this trade. If there will be a bullish candle in the zone I beleive gold could be to historicals higher; meanhile I think this time is for a huge correction.
Comment:
A big wave it's coming
Comment:
Yesterday the gold start to fall and today has a great retracement to .618 fibo so it's good time to re-enter the trade.
Trade closed: target reached:
After FOMC I close the trade with a bit of profit

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.