AlexxChan
Short

GOLD looking to short

FX:XAUUSD   Gold / U.S. Dollar
Gold             hasn't been able to make new highs recently. With that in mind, and a broken major trendline , I'm looking to short gold             now.
Niceee.. i also have a pending order at that level also.
cheers
+1 Reply
Nice! Thanks for the support
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my point of view just changed bro, don't you think taking profit now is a good idea ?
i see a bullish move in my chart , be careful !
snapshot
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In my opinion, i'll stay in the trade. I usually do my analysis on a 4hr+ timeframe which can gives a large overview of where price might head in the far future. Could a bullish move be happening in the smaller timeframe? Of course, but i'm going to stick my analysis as it has been historically working for me in the past. You can also place a protective trendline like this too.

snapshot
+1 Reply
Nshan PRO AlexxChan
totally agree
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