Dog_Smile

GOLD short against the trend

Short
Dog_Smile Updated   
TVC:GOLD   CFDs on Gold (US$ / OZ)
Hi bro!

Like, subscribe and leave a comment, your opinion is important to me!
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I see a good opportunity to sell gold, where the first goal will be strong support.

Such transactions should be with a minimum volume, since going against the trend is a risky business.

After this sale I will look at the optimal purchase zone, since the main trend is upward and very strong.

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The deal is not limited in time, arrows are needed only for an approximate visualization of my expectations and are not a “prediction”.
Trade active:

close part of the transaction volume so that the stop loss is safe

now quietly waiting for the development of the situation
Trade active:

I think that after this strong “leak” there will be a correction and a repeated resistance test.
I do not recommend adding volume, but if you sell during a resistance test, then I recommend reducing the volume of the transaction
Trade active:

Immediately after the last publication, the price went to a fall correction. I did the right thing that closed part of the volume, as buyers are apparently under stimulants =)
Trade closed: stop reached:
did the right thing that closed part of the volume on the seller’s first reaction ... the stop turned out to be minimal

I will continue to trend purchases
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