Big pop on breaking the 1.61 and then topped on the 2.61.
Hit stops on my shorts 2080. Didn't even see this spike initially (Really didn't expect such a move so early in the week) or I'd have tried to fade it. May or may not have went well. Might have got my stops sniped, might have shorted the high. Can go either way with these ones.
I think we may have seen a significant high in this now. Looking to short into rips / breaks, trail stops and build up a position.
Even a simple correction can see this down over 25% from here.
A full blown reversal would be sick.
Hit stops on my shorts 2080. Didn't even see this spike initially (Really didn't expect such a move so early in the week) or I'd have tried to fade it. May or may not have went well. Might have got my stops sniped, might have shorted the high. Can go either way with these ones.
I think we may have seen a significant high in this now. Looking to short into rips / breaks, trail stops and build up a position.
Even a simple correction can see this down over 25% from here.
A full blown reversal would be sick.
Comment:
If we keep breaking supports, I'll follow. But current bias is towards a rally to 2100.
May or may not happen but I'd love this. Can make a bit on the way up and a lot more on the down if the trade works.
May or may not happen but I'd love this. Can make a bit on the way up and a lot more on the down if the trade works.
Trade active:
short gold 2033
Stop 2047
Rally look weak. Out quickly to short higher if it fails
Stop 2047
Rally look weak. Out quickly to short higher if it fails
Comment:
Stops to even. Would still prefer a rally for the short.
May or may not get there, but a good RR spot for a short if it does.