Gold: Another Quick/Simple Short Attempt

FX:XAUUSD   Gold Spot / U.S. Dollar
1603 9 14
Update: Reached First target, Cancelled Trade.

Gold             hit descending resistance , where price was rejected, lets try to short the strongly trending market one more time.
I placed a short limit at 1230.00, target one at 1216.00 and target two near the latest low at 1208.00. Stop loss at 1240.00

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Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is then moved to break-even
4. Second unit would be closed at second target
5. Note that If 90 percent of first target is reached without triggering entry, trade is cancelled
6. Remember: Losing is a main part of the game
I teach my experience conclusions in 10+ trading strategies. PM me for details and cost.
it's about 1200 now, any update on $GOLD?
both targets were reached without triggering entry, alas... good analysis
technician I closed position at 1210 but I tthink there is still aloss at 1200 for today
thank you
Reached First target, Cancelled Trade,
+1 Reply
Perfect, as usual!)
+1 Reply
Technician alexeyhoroshunvk
Thanks :)
thanks for this post
+1 Reply
Maybe Break LTB, up to 1250. after this, pull back for test line and go to 1270. After 1270 back to 1200.
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