Good time to short Gold

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Short from marked Zone.
First target 1140
Second 1120
Happy new year!


with you hope for best :P
Thanks @AnastasyaLebedeva sharing the helpful signal!

I rarely reply to anything and it's the previous traders comments regarding the trump rally makes me want to. I do believe the trader will get a response to her supply level. I believe the trump rally is an opportunity for the bigger players to dump their holdings and they are selling everything they have into the exuberance. If this is the case they will possibly move into commodities. So it is a possibility price moves up into the supply the trader indicated however not reaching suggested targets. Alternatively falling back into what will become demand I marked with green lines and then pushing higher.

Just an alternative possibility being offered.

Hello Anastasya, i agree with your trading idea. For me looks like there will be another huge wave of ETF selling if the stockmarkets will go up one more time driven by Donald Trumps so called "honeymoon" (first 100 days of presidency, starting by Jan. 20h - ending may 1th.