GOLD looking to short

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Gold / U.S. Dollar (FX:XAUUSD)

FX:XAUUSD Gold / U.S. Dollar

gold short forex commodities trading education analysis alexchan

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.

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Niceee.. i also have a pending order at that level also.
cheers

Nshan

Nice! Thanks for the support

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 !

Nshan

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.

AlexxChan

totally agree

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