Big 4HR hammer off the Weekly S3. Small longs here. GLDSLVGDXNUGTGDXJ
Comment
⋅
1HR shows powerful move off the Weekly S3.
Trade closed: stop reached
⋅
Got stopped out on this trade for a small loss. Price has managed to retrace with EURUSD down to S4 weekly and doesn't look like it wants to bottom just yet.
@JulieMesaLopez, Sorry just updated I have been focused on equities and currencies. I was stopped out on this trade near where I entered. It was really a toss up because I was long USDJPY, long EURUSD, and long gold. The first two were the right play, and gold dropped further with dollar strengthening.
JulieMesaLopez
⋅
@mortdiggiddy, thank you for your answer. When you have any idea where gold is heading please let me know. I’m trying to find some similarity with my analysis. I’m new at this.
mortdiggiddy
⋅
@JulieMesaLopez, Gold seasonality shown. Gold is pretty tough before October and this year is no different. The best time to trade gold is October - March. imgur.com/a/OylVbhg