AndreyB

Long or Short?

MOEX:GOLD1!   None
307 3 2
I think my chart is pretty easy to understand.

The most indicators are pretty oversold and we have support near 1379.X.

I would go short if GOLD             breaks out of the range and passes our support.
AND
I would go long if GOLD             breaks out of the range and retest the blue trendline .

You can see my idea of future price growth of GOLD             on the chart. (Yellow field)
well it looks like to me that mkt will go upto 1392-1394 level than it will touch again 1372-75 level...
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I HAVE A LARGE BUY POSITION @1422 , WHAT CAN I DO NOW? PLS SUGGEST. SHOULD I HOLD ?
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AndreyB subrata.bose.904
You bought on Resistance? Thats is not good.
I would try hope that the price retest the blue line, there i would try to close it with min. loss.
If Price goes down, i would close it when it falls under @1378.5
No responsibility for my tip.
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