Technician
Short

Gold: Trend resumption short!

FX:XAUUSD   Gold Spot / U.S. Dollar
2161 20 22
Update: first target hit moved stop loss to breakeven...
Update: Full target reached.
Profit(pips)= 180+360= 560.
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I am short gold             from late last night. It may have failed at the 50-days SMA as price formed a minor shooting star and also price failed to hold above 1240.00 level.

Trade Safe, and Best of Luck , join me at https://twitter.com/thefxchannel
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My best regards,
Technician

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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.
Great trade!
Reply
Technician vlad.adrian
Thanks Mate
Reply
Nailed it!
Reply
Technician NinjaTraderr
:) ... Was a great one
+1 Reply
Update: Full target reached.
Profit(pips)= 180+360= 560
+1 Reply
hello technician I closed position at 1208 thank you very much
Reply
Technician manijeh.kazemi.33
Great
+1 Reply
Update: first target hit moved stop loss to breakeven...
+1 Reply
was short all the way from 1250. closed on friday.
the weekly pin bar, the resistance and the main trend say short... the gut feeling however says its not going to be that easy.
anyway good luck! hope it goes as you planned
Reply
Technician VladimirGas
Great call mate
Reply
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