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corsicasia
Aug 7, 2019 5:07 AM

short at 1488 to target 1474 and 1460  Short

Gold/U.S. DollarFXCM

Description

short at 1488 to target 1474 and 1460
overbought much weekly
Rsi bearish divergence are bigger
soon psy level of 1500
a correction of 28 is full legit
or i't will go 1500 first and a more big correction
it up mostly because of trade war than because the dollars is weak anyway he have to take a breath and as all waiting 1500 may market will correct before to reach it

Comment

no been stopped but was limit, my ratio are bad on this trade i will cut when i get back money ad if no sign of big correction i no wait m targets

Comment

been stopped i understimate gold,but i still believe a good correction will happens before to go more up if he have to go,because weekly and daily is much overbought and stayed many days under resistances,tryed to go more up every day but failled so i think a 25-40$ correction will happens sonnest before september is sure for me i sell it again at 1528 and i am actually at + 26$ gain so i back my loss and small profit for now but i will wait it broke 1474 for enter short small time trade

Comment

in facr ive been stopped near my entry point, by my own decision and not a stop loss
Comments
jcontabile
Great call!!!
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