Gold Long Long

TVC:GOLD30

GOLD (US$/OZ)TVC

Description

⋅ Aug 17, 2018 7:27 PM

Short TF trade. Assuming DXY doesn't break up in an impressive way, short squeeze in GLD seems likely.

Comment

⋅ Aug 20, 2018 6:17 AM

Closed half on DXY strength.

Comment

⋅ Aug 20, 2018 7:58 AM

I closed to reduce risk as I do not have the time, ATM, to stay with charts.

Comment

⋅ Aug 20, 2018 1:56 PM

Respected the 1189 level. I'd be looking for more entries below 1184 with stops under 1183.

Comment

⋅ Aug 20, 2018 2:35 PM

Added here on DXY weakness

Comments

LetsBeMillionaire

⋅ Aug 19, 2018 6:49 PM

wht shoud be the target if short sqz starts? any suggestion?

UOG

⋅ Aug 19, 2018 6:56 PM

@LetsBeMillionaire, hey, no real evidence of long TF trend reversal yet for me. DXY showing some weakness, assuming it sustains weakness for the next few days, I think we could see a bounce/short squeeze in Gold. No idea how far it goes. I'll just trade levels and ATM I'll like to see price break and stay above $1189/1190.