SN_Doumet
Short

A TAKE ON - GOLD (US$/oz)

TVC:GOLD   CFDs on Gold (US$ / OZ)
Expecting Gold             to make one more move up and retest the 1340-1360 levels before coming back down to the 1130. It 's still a little early to say whether it will be a Flat correction or not but I'm definitely expecting a move to the downside. The possibility exists that it won't go for the 5th wave up and will just drop from where it is now. Whatever the case may be the overall bias is definitely bearish not bullish for the recent future according to my analysis. Any buys should be very short term in my opinion.

My personal details:
Short @ Entry: 1280 or 1360, SL: 1400, TP: 1130

For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
Comment: bearish bias remains...
"Nice post thanks"
=================
"I" would like to add some fuel to your fire.
"The Commitment Of Traders Report" --- "Gold" --- "November, 2017"
a = Small Traders = Plus 22,124 Contracts --- "The Little Guys and Gals"
b = Large Traders = Plus 224,417 Contracts
c = "Smart Money" = Minus 246,541 Contracts
==================================================================
This is for information only. --- "Education Only"
+1 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out